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.