Earlier we announced that 5 applicants have been admitted to the Binding Offers stage.

In accordance with the request of potential investors participating in the sale process, in order to give them additional opportunities for the qualification preparation and detailed analysis of the asset, as well as to conduct the sale process in a transparent and competitive environment, the State Assets Management Agency informs that the stage of acceptance Binding Offers (BO) of the privatization process of state share in the authorized capital of Chinaz Oil Refinery LLC was prolonged for the period of 1 month.

As previously reported, Mosaic Financial was attracted as a privatization consultant of the State Assets Management Agency on this asset.

Additional information can be found at this link.