Arab Today, arab today russia’s major oil corporation agrees to buy out stake
Last Updated : GMT 01:44:06
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.

arabstoday
arabstoday

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

 



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 Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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