Lundin exits Vostok Nafta to Luxor Capital

Zebra and Guernsey-based Lorito were Vostok Nafta's largest shareholders prior to the sale to New York-based Luxor.

Lundin sold all of their Swedish depository receipts (SDR) in Vostok Nafta, representing 31.1% of the total number of SDRs in the company. Luxor has acquired all of the SDRs sold by Lorito and Zebra.

After the transaction, Luxor will control 33.69% of the total number of outstanding SDRs in Vostok Nafta.

Lorito and Zebra are investment companies owned by a trust whose beneficiaries are members of the Lundin family, who acquired Vostok Nafta in 1996.

Company
Founded in 2007, Vostok Nafta is an investment company that aims to identify and invest in assets with potential for value appreciation, with a focus on Russia and other CIS states.

Vostok Nafta's SDRs are listed on the NASDAQ OMX Nordic Exchange Stockholm.

Since 2012, Vostok Nafta has had an increased focus in its portfolio on private equity investments within the Russian consumer segment.

People
Lukas H Lundin and C Ashley Heppenstall will resign from the board of directors of Vostok Nafta.

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