Igor Sechin will neither take revenge against Mobius, nor increase the repurchasing price of BP-TNK shares

On Thursday the Head of Rosneft, Igor Sechin replied to the claims of the minority shareholders of BP-TNK that the repurchase price of their shares wouldn’t be increased. However, the company won’t retaliate for the publically voiced doubts in the fairness and reduce the price of the offer.

Templeton Emerging Markets Group headed by Mark Mobius expressed its concern about the minority shareholders of BP-TNK several times. On Wednesday a representative applied directly to Vladimir Putin and made it clear that the largest minority shareholder of BP-TNK considered the price of the offer unfair.

“We are not vindictive”, Sechin said on Thursday, having noted that the decision about redemption of the shares from the minority shareholders of BP-TNK (67 RUR per ordinary share and 55 RUR for preference share) was final. On Thursday the closing rate at Moscow Exchange made up 63.2 and 52.1 RUR respectively.