GREY:HRTPF - Post by User
Post by
Rzbernon Oct 25, 2014 10:27am
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Post# 23060719
The business with Rosneft broked! Solimões is off?
The business with Rosneft broked! Solimões is off? https://ir.hrt.com.br/hrt/web/download_arquivos.asp?id_arquivo=62A6E416-9664-40C6-A004-453056844648
https://ir.hrt.com.br/hrt/web/conteudo_en.asp?idioma=1&conta=44&tipo=32105
MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS
PUBLICATION NO. 11/2014
HELD ON OCTOBER 24, 2014
6. Resolutions:
(c) The Board of Directors was informed by the Company’s Executive Board that it has not been possible so far to sign the closing of the transaction with Rosneft so as to meet the Board’s resolution at the meeting of September 29, 2014, by virtue of subsequent changes required by Rosneft to the terms and conditions of the original agreement as well as the other documents of the transaction, which have a significant impact on the risk of the transaction and would increase the exposition of the Company, rendering the transaction unfeasible as previously authorized and approved, having the Board authorized the Executive Board to adopt all necessary measures to preserve the interests of the Company regarding such matter.