Capefar Limited, a Cyprus shareholder of JSC Ust-Luga Oil
Capefar Limited, a Cyprus shareholder of JSC Ust-Luga Oil, has been handed over to the company itself for temporary management. Other shareholders of Ust-Luga Oil include JSC Kapella UI with a 48.9% stake and LLC Transneft-Baltika with a 25% stake.
Consensus
- The Russian President Vladimir Putin signed an order transferring temporary management of a 26% stake in AO 'Ust-Luga Oil' to the company itself.
- The stake belongs to the Cypriot entity Capefar Limited and consists of 499,720 shares.
- Other shareholders of Ust-Luga Oil are AO 'Kapella UI' with a 48.9% share and LLC 'Transneft-Baltika' with a 25% share.
- Ust-Luga Oil operates a terminal for transferring oil products from rail to sea vessels.
- The stake was previously linked to the oil trader Gunvor Group through Capefar Limited until July 2015.
Points of divergence
- The shareholding structure as of end-2025 includes AO 'Kapella UI' with nearly 49% and LLC 'Transneft-Baltika' with slightly over 25%, while the exact ownership percentages are not specified in other sources. — kommersant
- The share transfer involves a total of 499,720 shares, which is consistent across all sources but explicitly stated here as 'the entire package'. — fontanka
Coverage (3 sources)
- Capefar Limited's share in Ust-Luga Oil transferred to company management — Коммерсантъ
- Putin Allows Transfer of Cyprus Shareholder's Stake in 'Ust-Luga Oil' to Company Management — Фонтанка
- Russia transfers stake in 'Ust-Luga Oil' shareholder to the company itself — Ведомости
Key entities
- Ust-Luga Oil
- Capefar Limited
- AO Ust-Luga Oil
- AO Kapella UI
- Russia
- Vladimir Putin
- Gunvor
- Cappella Alternative Fund III
- OOO
- RF Vladimir Putin allowed
- Transneft-Baltika LLC