Rosneft’s Sechin Offers to Buy Out TNK-BP Minorities
Russian Rosneft’s board will consider the possibility of buying out minority shareholders of TNK-BP Holding, offering a 20 to 30 percent premium to the current share price, Rosneft’s head Igor Sechin said on Friday, reported by Reuters
“This will reflect a fair price, we think that the premium to the current prices will total 20 to 30 percent,” Sechin said.
Shares in TNK-BP Holding jumped more than 13 percent after the announcement.
