By: Benzinga
Hess Confirms Sale of Stake in Samara-Nafta to Lukoil for $2.05B
Hess Corporation (NYSE: HES ) announced today it has entered into an agreement with OAO LUKOIL to sell 100 percent of its Russian subsidiary Samara-Nafta for a total consideration of $2.05 billion. Based on its 90 percent interest in Samara-Nafta, total after tax proceeds to Hess are expected to amount to approximately $1.8
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