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Update on Sberbank Negotiations

26 Nov 2008 15:00

RNS Number : 9975I
Urals Energy Public Company Limited
26 November 2008
 



Urals Energy Public Company Limited 

('Urals Energy' or the 'Company') 

Update on Sberbank negotiations and non-core asset disposals

 

The Board of Urals Energy today provides a further update on its negotiations with Sberbank and progress towards its non-core asset disposals.

 

The Company remains fully engaged with Sberbank in a constructive dialogue regarding its loan facilities. While it remains the case that no formal extension has been granted, Sberbank has indicated that it does not currently intend to put the Company into default.

 

The Company is in negotiations with potential purchasers of certain of its non-core assets and it is still intended that these assets will be disposed by end Q1, 2009.

 

Further announcements will be made in due course.

26 November 2008

Enquiries:

Pelham PR

Mark Antelme

+44(0)20 3178 6242 / +44(0)752 5951 011

Evgeniy Chuikov

+44(0)20 3008 5506 / +44(0)7894 608 606

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCMGMZMDVLGRZM
Date   Source Headline
5th Dec 20078:36 amRNSStabilisation Notice
5th Dec 20077:01 amRNSPricing of Private Placement
28th Nov 20077:01 amRNSMajor Acquisition
15th Nov 20077:02 amRNSSberbank Financing Agreement
3rd Oct 20079:04 amRNSTransneft tie-in approval
28th Sep 200710:13 amRNSInterim Results - Replacement
28th Sep 20077:06 amRNSInterim Results
24th Sep 20071:11 pmRNSRe: Ministry Statement
20th Aug 20077:02 amRNSAIM Rule 26
15th Aug 20077:01 amRNSOperational Update
31st Jul 20073:00 pmRNSHoldings in Company
9th Jul 20079:49 amRNSResult of AGM
5th Jul 20076:00 pmRNSDirectorate Change
15th Jun 20071:56 pmRNSGazprom Agreement
15th Jun 20077:00 amRNSAnnual Report and Accounts
15th May 20071:24 pmRNSResponse to Media Speculation
8th May 200712:55 pmRNSHoldings in Company
1st May 20077:03 amRNSDirector Shareholding
30th Apr 20077:23 amRNSDirectors Information
30th Apr 20077:04 amRNSPreliminary Results
26th Apr 20075:39 pmRNSNotice of Results
21st Mar 20077:02 amRNSNotice of Results
12th Mar 20077:02 amRNSCompletion of Financing
12th Feb 20077:02 amRNSOperational Update
9th Feb 20074:07 pmRNSDirector/PDMR Shareholding
9th Feb 20071:53 pmRNSAdditional Listing
26th Jan 200710:26 amRNSAward of Restricted Stock
24th Jan 200710:09 amRNSDirector/PDMR Shareholding
23rd Jan 20077:01 amRNSFinancing Announcement
23rd Jan 20077:01 amRNSOperational Update
18th Dec 20067:01 amRNSAdjustment to Interim Results
14th Nov 20067:04 amRNSDulisma EPSO Pipeline Access
5th Oct 20067:00 amRNSAcquisition
3rd Oct 20066:10 pmRNSDirector/PDMR Shareholding
27th Sep 20067:03 amRNSBoard Changes
6th Sep 20067:02 amRNSInterim Results
20th Jun 20067:30 amRNSAnnual Report and Accounts
12th Jun 20067:02 amRNSCompletion of Acquisition
6th Jun 20069:54 amRNSHolding(s) in Company
2nd Jun 20068:50 amRNSAGM Statement
30th May 20064:40 pmRNSHolding(s) in Company
30th May 20064:39 pmRNSFurther Placing Information
26th May 20063:31 pmRNSStabilisation Notice - Urals
26th May 20063:15 pmRNSCompletion of Placement
19th May 20067:00 amRNSAcquisition
16th May 20064:41 pmRNSOperational Update
8th May 20067:01 amRNSNotice of AGM
4th May 20066:03 pmRNSIndependent Project Report
24th Apr 200612:16 pmRNSD&M Independent Report
18th Apr 20067:02 amRNSPreliminary Results

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