Source Pravda.Ru

Sibneft Will Not Be Shareholder in New BP and Access-Renova Oil Company

Sibneft will not be a shareholder in the new oil company created by Access-Renova (Alfa Group) and BP. This was announced yesterday at a press conference by Mikhail Fridman, the chairman of the board of Alfa Group. He said that the deal does not include shares or obligations relating to Access-Renova's stake in Slavneft. 'We transferred everything that we own into the new oil company, except for what belongs to minority shareholders, including Slavneft,' stressed Fridman. He said that the deal respects the rights of minority shareholders and that 'they will only gain from it.' However, Fridman did not announce what would happen to Slavneft's assets in the future.

'As far as the question of converting Sibneft shares into TNK shares is concerned, this will be resolved together with all other issues concerning Sibneft and Alfa Group, especially in connection with Slavneft,' said Fridman. 'We have been working with Sibneft for many years and will find the right balance.'

© &to=http://www.rosbaltnews.com/' target=_blank>RosBalt

&to=http://www.sibneft.ru/index.shtml' target=_blank>SIBNEFT

&to=http://www.bp.com' target=_blank>BP

Comments
How can Americans and Russians understand each other?
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Russia builds new robotic tank invulnerable to mines
Russia builds new robotic tank invulnerable to mines
Russia builds new robotic tank invulnerable to mines
US-Russian confrontation: War is peace, freedom is slavery
Turkey desperately tries to rescue its national currency as it falls to all-time lows
How can Americans and Russians understand each other?
Russian government prepares to get rid of US dollar in economy
US-Russian confrontation: War is peace, freedom is slavery
Russians tired of Putin's foreign policy
US-Russian confrontation: War is peace, freedom is slavery
Teen member of satanic sect destroys unique wooden church built in 1774
Russia could abolish state pensions
Russia could abolish state pensions
Russia could abolish state pensions
Russian government prepares to get rid of US dollar in economy
Benjamin Netanyahu’s nightmare comes true as Putin crushes his plans
Benjamin Netanyahu’s nightmare comes true as Putin crushes his plans
Benjamin Netanyahu’s nightmare comes true as Putin crushes his plans
How can Americans and Russians understand each other?