Middle East Economic Survey
VOL. XLVIII
No 50
12-December-2005
CASPIAN
Lukoil Completes Acquisition Of Nelson Resources
Canadas Nelson Resources has been acquired by Caspian Resources Investment, a wholly-owned subsidiary of Lukoil Overseas Holdings, the foreign operating arm of Lukoil. The sale was approved by 97% of Nelson shareholders at a special meeting in London on 2 December. The value of the transaction was put at around $2bn. After the vote, Nelson said the transaction would close on 5...
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