Source Pravda.Ru

YUKOS shareholders approve acqusition of Sibneft's shares

The extraordinary general meeting of YUKOS shareholders made decisions on the merger of YUKOS and Sibneft, a source in the company's press service reported. The decisions were made by absentee voting on May 27, 2003. YUKOS shareholders approved purchasing a 20-percent stake minus one share in Sibneft for $3bn and additionally up to 72 percent of Sibneft's shares in exchange for YUKOS shares. They also approved an increase in the company's share capital by placing another 1 billion shares and brought necessary changes into the company's articles of association.

As reported earlier, on April 22, YUKOS and Sibneft agreed on a merger. The new company will become the world's fourth largest oil company in the volume of oil production. The deal is expected to be completed before the end of 2003.

© &to=http://www.rbc.com' target=_blank>RBC

&to=http://www.yukos.com' target=_blank>YUKOS

Comments
Presidential and midterm elections in the USA change the 'American project' entirely
Presidential and midterm elections in the USA change the 'American project' entirely
Russian scientists develop technology to create HIV resistant human embryos
Russia rips its economy apart with help from the West
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
Moving inexorably towards war
Russia rips its economy apart with help from the West
Austria will not ruin its friendship with Russia despite spy scandal
World War I: Remembering the fallen, and the war criminals
Norwegians complain of demoralised NATO soldiers
Russia rips its economy apart with help from the West
MP suggests replacing Lenin's mummy with rubber figure
Austria will not ruin its friendship with Russia despite spy scandal
Russia rips its economy apart with help from the West
Russia unveils nuclear-powered interstellar spaceship
Russia rips its economy apart with help from the West
NATO to build prestrike staging base in Georgia
MP suggests replacing Lenin's mummy with rubber figure
Russia rips its economy apart with help from the West
Russia rips its economy apart with help from the West