Please activate JavaScript in your browser to use all interface options.

« February, 2024
Mo Tu We Th Fr Sa Su
Main page News room Press releases
Press releases

Rosneft, Sberbank and Pietro Barbaro Close the Acquisition of Prime Shipping

01 September 2015

The Russian Joint Venture between Rosneft, Sberbank Investments and Pietro Barbaro S.p.A. closed the acquisition of the Pietro Barbaro Group shipping assets in the Russian Federation (100% share of Prime Shipping group of companies).

The deal was financed by Sberbank.

The acquisition of a logistics asset will allow Rosneft to strengthen its positions in the river transportation market and enhance the efficiency of operations, including that in the area of oil and oil products trading, and secure tanker fleet transportation.

In particular, modern fleet of Prime Shipping will enable optimization of Rosneft’s transport charges; expand the geographical reach of the Company’s oil and oil products supplies. At the same time implementation of the terms of agreement will open new opportunities for the Company in attracting new clients and marketing of high-added-value products.

Note for editors:

Prime Shipping is one of the leaders of the Russian river and sea transportation tanker market. The company has the ‘youngest’ river fleet (28 modern river tankers, barges and tug boats with the average age of 6 years). At the present moment Prime Shipping operations are focused on the transportation of Rosneft oil products within inland waterways of Russian Federation and adjacent seas.

Rosneft Information Division
Tel.: + 7 (499) 517-88-97
September 1, 2015

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligation to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.