| Title: | Archangel Diamond Corp acquires a minority stake in OAO Arkhangelskoe from OAO LUKOIL Holdings AG (pending) |
| Price: | $48.00 |
| Publication Date: | Apr 17, 2008 |
| Abstract: | RUSSIA - Archangel Diamond Corp of Canada agreed to acquire a 49.99% stake in OAO Arkhangelskoe Geologodobychnoe Predprlyatie, a diamond mining company, from OAO LUKOIL Holdings AG, for 5.263 bil Russian rubles (C$227.228 mil Canadian dollars/$225 mil US) in cash. The transaction was subject to regulatory approval. |
| Acquirer: | Archangel Diamond Corp |
| Acquirer Business Discription: | Diamond mining co |
| Acquirer SIC Code: | 1499 - Miscellaneous nonmetallic minerals, except fuels |
| Target Name: | OAO Arkhangelskoe |
| Target Business Description: | Diamond mining co |
| Target Ultimate Parent: | OAO LUKOIL Holdings AG |
| Target SIC Code: | 1499 - Miscellaneous nonmetallic minerals, except fuels |
| Please Note: | Target Financials are not included in this report. |
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