M&A Deal Summary

NOVATEK Acquires Severneft-Urengoy

On November 23, 2017, NOVATEK acquired energy services and equipment company Severneft-Urengoy from EuroChem Group AG

Acquisition Highlights
  • This is NOVATEK’s 1st transaction in the Energy Services and Equipment sector.
  • This is NOVATEK’s 1st transaction in Russia.

M&A Deal Summary

Date 2017-11-23
Target Severneft-Urengoy
Sector Energy Services and Equipment
Buyer(s) NOVATEK
Sellers(s) EuroChem Group AG
Deal Type Divestiture

Target

Severneft-Urengoy

Russia
Severneft-Urengoy holds the hydrocarbon exploration and production license for the West-Yaroyakhinskiy license area located in the Purovsky district of the Yamal-Nenets Autonomous Region in close proximity to our existing infrastructure.

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Buyer(S) 1

Buyer

NOVATEK

Tarko-Sale, Russia

Category Company
Founded 1994
Sector Energy Services and Equipment
Revenue 1.55T RUB (2024)
DESCRIPTION

NOVATEK is an independent natural gas producers. NOVATEK is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. NOVATEK was founded in 1994 and is based in Tarko-Sale, Russia.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Russia M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

EuroChem Group AG

Zug, Switzerland

Category Company
Founded 2001
Sector Chemicals
Employees23,400
DESCRIPTION

EuroChem Group AG is an agrochemical company, producing primarily nitrogen and phosphate fertilizers, as well as certain organic synthesis products and iron ore.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Russia M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 Emerger Fertilizantes S.A.

Martinez, California, Argentina

Emerger Fertilizantes S.A. is a distributor of premium and standard fertilizers. Emerger Fertilizantes S.A. was established in 1998 and is based in Martinez, Argentina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 Yara International - Salitre phosphate mining project

Minas Gerais, Brazil

Yara International's Salitre phosphate mining project is an advanced-stage integrated upstream phosphates project in southeastern Brazil. It comprises an open-pit phosphate mine with more than 350 million metric tonnes (MMT) of reserves, and a 1 MMT-per-year manufacturing plant for MAP/NP and SSP/TSP products which is due to come on stream in 2023. Yara International's Salitre phosphate mining project is based in Minas Gerais, Brazil.

Buy $410M