Open Joint Stock Company Rosneft Oil Company (LSE:ROSN) agreed to acquire 49% stake Petrocas Energy Limited from David Iakobashvili on December 29, 2014. Iakobashvili will retain his 51% stake in Petrocas. Christopher Allen of Latham & Watkins LLP acted as legal advisor for David Iakobashvili. Anton Konnov, Gareth Irving, Bulat Zhambalnimbuev and Maxim Meaker of Allen & Overy LLP acted as legal advisors for Rosneft. Citigroup Inc. acted as financial advisor for Petrocas.

Open Joint Stock Company Rosneft Oil Company (LSE:ROSN) completed the acquisition of 49% stake in Petrocas Energy Limited from David Iakobashvili for RUB 9.3 billion in January 2015.