16 August 2018

Proxima Capital Group sold its equity stake in JKX

About the deal

On the 14th of August, 2018 Proxima Capital Group sucessfully sold its entire 20% shareholding in JKX Oil & Gas and all bonds.

The offer price enables PCG to achieve a meaningful investment return on the firm’s investment in JKX. The proceeds can be redeployed into several attractive opportunities in the Russian market. Russia remains the strongest area of PCG expertise, and the firm has been building a diversified portfolio of assets with strong return potential in the Russian market.

JKX Oil&Gas PLC

A British oil & gas company with assets in Russia, Ukraine, Hungary and Slovakia. The company is listed on the London Stock Exchange (LSE: JKX)