Naftogaz of Ukraine will pay 40 million hryvnia for advice to sell assets in Egypt
The national joint-stock company “Naftogaz of Ukraine” announced a tender to attract an investment banking advisor to assess the feasibility of selling its oil-producing assets in Egypt.
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This is stated in the tender documentation of NJSC Naftogaz of Ukraine, published in the ProZorro public procurement system.
The expected cost of such services is UAH 39,325 million.
The tender conditions require the investment banking advisor to conduct an analysis and provide recommendations regarding potential grounds for the sale (transfer) of these assets.
His responsibilities include creating a list of potential investors and preparing the commercial part of the documentation necessary to conclude and support a possible transaction.
The company's chief commercial director, Yuri Vitrenko, spoke about the intention to attract such an adviser at the end of February.
Applications for participation in the tender are accepted until May 3. The period for providing services is until December 31, 2018.
As Ukrainian media reported, at the end of 2016, Naftogaz stated that it considered it expedient to sell its oil-producing assets in Egypt.
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