Finalization of the deal with Malka Oil and Gazprom Neft
February 15, 2010
iDeals™ Virtual Data Room services were successfully utilized during Malka Oil’s due diligence. Working with iDeals™ Solutions, this process was carried out securely and within a quick time span.
iDeals™ Solutions served as the Virtual Data Room provider for shareholders of Malka Oil where Renaissance Capital acted as a consultant. This was completed on February 5, 2010.
Facilitating the sale of Malka Oil’s assets beginning in March 2009, iDeals™ Solutions developed an extensive virtual data room to assist final negotiations with several prospective candidates to produce the most ideal arrangement for Malka Oil.
On December 1, 2009 Malka Oil along with JSC Gazprom Neft finalized a term sheet in connection with the sale of Malka Oil’s subsidiary, OOO STS-Service, to Gazprom Neft for SEK 820 mln (USD 118 mln).
iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.
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