03:23 AM EDT, 10/16/2026 (MT Newswires) -- Nostrum Oil & Gas (NOG.L) completed the disposal of its Kazakhstan operations to Altaris Holding, a vehicle owned by Alturion and Fincraft Energy. The sale of the Zhaikmunai and Positiv Invest operations was valued at $304.6 million, subject to post-completion adjustments, the independent energy company said Friday. At completion, Nostrum redeemed its senior secured notes due 2026 in full, including accrued and default interest. The company will also buy back $417.5 million of its senior unsecured notes due 2026, leaving $100 million outstanding that mature on Dec. 31, 2028, and carry no interest. Nostrum said it will proceed with its previously announced managed wind-down.

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