Arab Today, arab today russia’s major oil corporation agrees to buy out stake
Last Updated : GMT 04:02:46
Arab Today, arab today
Arab Today, arab today

Russia’s major oil corporation agrees to buy out stake

Arab Today, arab today

Arab Today, arab today Russia’s major oil corporation agrees to buy out stake

Sochi - Itar-Tass

CEO of Russia’s oil industry giant OAO Rosneft, Igor Sechin, said Friday he agreed to buy out the stakes of minority shareholders. Russian Prime Minister Dmitry Medvedev, who took the floor at a plenary session of the Sochi’2013 International Investment Forum underway in the Black Sea resort city of Sochi, addressed Sechin with the following words: “Take Rosneft for instance where the problems concerning minority shareholders of the TNK-BP oil company still exist. Is this true, Igor Vladimirovich /the second word being Sechin’s patronymic - Itar-Tass/?” “We inherited this problem,” Sechin answered. Medvedev said however that the Rosneft development strategies were in the hands of a different shareholder at present and this role was performed by the state as the owner of the controlling shares. “I think we could demonstrate an instance of correct conduct and take a decision aimed at ensuring a favorable investment climate with regard to that particular company,” Medvedev said. “It would be appropriate to buy out the shares of minority stockholders,” Medvedev told Sechin, who looked somewhat puzzled by the governmental initiative. “Considering your concern and your decision, I think the company will be prepared to fulfill voluntarily the task you’ve set forward to us, although we don’t have the legal obligation to buy out shares,” Sechin said. “Very shortly, the Rosneft directors will consider the buyout of minority stakes at a fair price and will take the required decision on it,” he said. Sechin said along with it that Rosneft proposes to compute the price on the basis of the average weighted quotes of the company’s shares on security markets over the previous eighteen months. “The premiums on quotations will stand between 20% and 30%,” he said Medvedev asked Sechin if Rosneft has enough money for this. “The company does have money,” he answered.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia’s major oil corporation agrees to buy out stake Arab Today, arab today russia’s major oil corporation agrees to buy out stake

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 19:50 2017 Saturday ,18 February

OPEC daily basket price announced for Wednesday

GMT 04:54 2017 Saturday ,18 February

Oil prices slip as high stocks overshadow OPEC cuts

GMT 21:38 2017 Thursday ,16 February

Kuwait Oil Price Down 25 cents to $52.30 pb

GMT 14:40 2017 Thursday ,16 February

OPEC daily basket price announced for Wednesday

GMT 19:14 2017 Wednesday ,15 February

Gasoline, diesel prices increase 100 L.L.
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 21:49 2017 Thursday ,16 February

Scientists develop new therapy

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday