Nostrum Oil & Gas selling Kazakh assets to Altaris Holding for $304.6 mlnZhaikmunai LLP, a subsidiary of Nostrum Oil & Gas PLC, is selling its assets in Kazakhstan to Altaris Holding, Zhaikmunai said in a press release published by the Astana International Exchange (AIX).Nostrum Oil & Gas Finance B.V. (the seller), which is an indirect subsidiary company of Nostrum Oil & Gas PLC, has entered into a sale and purchase agreement to sell its participating interests in the charter capital of Zhaikmunai LLP and POSITIV Invest LLP to Altaris Holding Ltd. (the buyer), which is owned by Fincraft Energy Holding Limited and Alturion Holding Limited, the press release said.The total consideration for the sale is $304.6 million.The deal is subject to various conditions precedent, including (but not limited to) merger control clearance pursuant to applicable Kazakhstan law, consents and waivers from Kazakhstan’s Ministry of Energy and Qazaq Gaz, applicable shareholder and pre-emption processes in relation to POSITIV Invest LLP and confirmed financing for the buyer.The sale and purchase agreement provides for a long stop date by which conditions precedent must be satisfied of September 15, 2026.Nostrum Oil & Gas PLC expects to repay all outstanding amounts with respect to the senior secured notes issued by the seller in full and the outstanding amounts in respect of the senior unsecured notes issued by the seller in part.Nostrum Oil & Gas PLC is an independent energy company with gas processing infrastructure and an export hub in north-west Kazakhstan. Its shares are listed on the London Stock Exchange (LSE).Nostrum Oil & Gas PLC is the parent company of Kazakhstan-based Zhaikmunai LLP. Zhaikmunai is an independent oil and gas enterprise currently engaging in the exploration, production and sale of crude oil and gas condensate in northwestern Kazakhstan. Zhaikmunai's main producing asset is the Chinarevskoye field located in the northern part of the oil-rich Pre-Caspian Basin.In mid-July 2023, Nostrum acquired an 80% stake in Positive Invest LLP for $20 million. Positive Invest holds a subsoil use license for the Stepnoy Leopard block in northwestern Kazakhstan, valid through December 2044.Altaris Holding Ltd., registered at the Astana International Financial Centre (the AIFC) in late June 2026, is co-owned by Fincraft Energy Holding Limited, which belongs to Kazakh businessman Kenges Rakishev, and Alturion Holding Ltd. (ICE ALMATY)

Fonte notizia: INTERFAX