Own Investments

JKX Oil and Gas

Oil and gas company

  • Period of completion 2015 – 2018
  • Project’s geography Russia, Ukraine

The company is one of the largest independent players in the gas markets of Ukraine and southern Russia. It is listed on the London Stock Exchange (LSE: JKX). As a result of mismanagement, the company's operating performance had been weak for several years, causing its share value to decline by 90%. PCG acquired a controlling stake in the company and actively worked to improve operational efficiency. In addition to investing in the company's shares, PCG acquired a block of JKX Oil & Gas bonds in 2015. The bonds may have a yield from the investment of around 40% p.a., US dollars. On 14th, August 2018, PCG completed a transaction that resulted in the sale of its entire 20% of shares in JKX Oil & Gas, as well as the company's bonds. The offer price enabled PCG to achieve a tangible return on its investment in JKX Oil & Gas.

  • Re-election of the Board of Directors and appointment of new management.
  • Debt restructuring.
  • Business processes optimization.