Russian oil company Lukoil will offer at least one million dollars to buy all the remaining shares of the Petrotel refinery, that is 6.7%. Lukoil on Wednesday announced the minimum price it was willing to pay for a Petrotel share, 6,064 ROL. The offer brokered by Raiffeisen Capital & Investment is aimed at delisting the company from RASDAQ. The shares of the company have seen sharp fluctuations over the last 12 months given all the speculations about the mandatory tender offer in view of delisting, but few investors bought the shares at a price lower than that in the offer. Shares even went up to 12,000 ROL in the first half of the year, while the last transaction on Wednesday was closed at 7,800 ROL. The refinery's shares were suspended from trading yesterday, and will remain so until actually delisted from the capital market. Lukoil is one of the last companies to have put out a mandatory tender offer to delist a company in which it holds more than 90%. ZF
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