Hong Kong's Powerful United buys 2% more shares in owner of Karpatygaz for EUR 1 mln

14:55, 29.11.2017 1 min read

Hong Kong's Powerful United Limited has acquired 2% of shares in Misen Enterprises AB (participant in joint operations with Ukrgazvydobuvannia) for EUR 1 million, the press service of Misen Energy AB, the parent company, has reported.

In 2016, Powerful United acquired 37.5% of shares in Misen Enterprises and 8% more in July 2017. Thus, after the completion of the new deal, Powerful United holds 47.5% of shares in Misen Enterprises, and 52.5% of shares belongs to Misen Energy.

As reported, Powerful United is under control of shareholder in Misen Energy – TCT Holdings AB (the only owner is Arturas Blaskevicius).

Ukrgazvydobuvannia on July 15, 2016 filed a claim to the Stockholm Arbitration Institute's Chamber of Commerce seeking to terminate the joint activity agreement with Karpatygaz LLC and Misen Enterprises AB and collect losses.