Gaetano Holdings acquires Komi Oil Refinery for US$5 billion
Published by Angharad Lock,
Digital Assistant Editor
Hydrocarbon Engineering,
The CEO of Gaetano Holdings Ltd and its subsidiary Gaetano Llc (Chicago), Excellency Youness Fathi, has announced the final acquisition of Komi Oil Ltd (Komi Republic, Russia), a major Russian petroleum refinery for US$5 billion.
Komi Oil Ltd fields (South-Zverinetsky & Zverinetsky-2) represent 4.4 billion barrels of oil. This acquirement puts Gaetano Holdings and Excellency Youness Fathi as one of the largest investment banking players in the world.
The firm acts as both a shareholder and a co-manager participating in the creation, development, and, if necessary, the new management structure of the projects they invest in.
Gaetano Holdings has several subsidiaries in major countries such as Switzerland, Spain, Singapore, Hong Kong, India, UAE, and lately USA. The company’s capital is US$1 billion and their current portfolio of projects under progress has about US$5 billion.
Edited from press release by Angharad Lock
Read the article online at: https://www.hydrocarbonengineering.com/refining/04122015/gaetano-holdings-acquires-komi-oil-refinery-1738/
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