VTB’s Head supports offer of Rosneft for minority shareholders, shares of RN-Holding to decrease
Edited by Rhod Mackenzie / 2013-10-04 10:09:17
The shares of RN-Holding have started the trading session at the Moscow Exchange on the decrease against the background of Rosneft to review the prices of buy back of securities from minority shareholders. Quotations of RN-Holding (previously BP-TNK Holding) fell by 0.15% to 52.02 rubles per share at the start of trades.
Speaking at the International investment Forum Sochi-2013 on September 27, Rosneft’s Head, Igor Sechin reported that the Board of Directors approved the acquisition of shares from minority shareholders of the former BP-TNK Holding. The price of acquisition of RN-Holding’s shares by Rosneft will make up 67 rubles per one ordinary share and 55 rubles the preferred ones.
