Russian oil producer Rosneft announced on Monday that it would be buying out the minority shareholders of TNK-BP Holding for USD1.5 billion to complete its USD55 billion takeover of TNK-BP.
Tags: Rosneft
Letter to Putin indicates Rosneft plan to acquire 20% stake in Novorossiisk Sea Port
Rosneft Chief Executive Igor Sechin to President Vladimir Putin revealed plans of the oil company to acquire the government's 20% stake in Novorossiisk Commercial Sea Port (NCSP).
Rosneft inks MOU with CNPC for East Siberian venture stake purchase
Russian oil firm Rosneft signed an agreement with China National Petroleum Corp for the latter to purchase a 49% stake in the Russian oil producer's East Siberian venture.
Investor valuation sought to be raised for OAO RN Holdings
Investors seeking a higher violation for shares of OAO RN Holdings, a subsidiary of OAO Rosneft. Templeton Emerging Markets Group Chairman Mark Mobius said the OAO Rosneft offer to purchase shares in OAO RN Holding must be pegged above RUB67 or USD2.
Sechin says minority investors shares prices fair
Rosneft CEO Igor Sechin said the price offer for minority shareholders of TNK-BP Holding was fair. The share price offered by Rosneft to buy out minority shareholders of TNK-BP Holding was reportedly at a premium and should had no cause for complaint.
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Russia's top crude producer Rosneft has hopes that it would be earning RUB439 million or USD13.8 billion after its acquisition of Moscow-based oil company TNK-BP.
Igor Sechin was quoted as saying the potash controversy between Belarus and Russia would not affect the business of the Russian oil giant.
Chief Executive Officer Igor Sechin of Rosneft bought more shares in the state-controlled firm, increasing his stake to USD 65 million.
Rosneft CEO Igor Sechin bought company shares amounting to USD 5.5 million. The Chief Executive Officer of Rosneft acquired company shares worth USD 5.
Dominique Strauss-Kahn joins the Russian Regional Development Bank, a Rosneft-owned bank. Dominique Strauss-Kahn joined the supervisory slate of a bank owned by Rosneft, a Russian state oil major.
Rosneft gained full control of Itera by buying its 49% shares worth US$2.9 billion so it could expand the oil business.
Rosneft head Igor Sechin denies any takeover plans for PKN Orlen of Poland and Bashneft of Russia. (Photo : Reuters)The image is the Russian signage for Rosneft.
Speculation of a takeover bid from Rosneft, Lukoil's head squashed said rumors. (Photo : Reuters)The image is the corporate logo of Lukoil. According to Lukoil CEO, the company did not receive any takeover offers nor do they expect any other firm to make one for the company.
Russia's Rosneft agreed to double its oil supplies to China on Friday. (Photo : Reuters)The image shows the company logo in a Rosneft petrol station.
