Executive says government opposes TransneftТs buyback program - All News - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Executive says government opposes TransneftТs buyback program

MOSCOW, Dec 3 (PRIME) -- The Russian government did not support a buyback of shares by oil pipeline monopoly Transneft, First Vice President Maxim Grishanin said at a conference call on Tuesday.

УWe indeed offered to buy our shares back. This was not supported by the government, our key shareholder, and the opinion of the key shareholder on the matter has not changed,Ф Grishanin said.

Transneft said in October 2018 that it planned a 20 billion ruble three-year buyback program. Grishanin said that the company could approve an option program for executives in the framework of the buyback in 2019.

(64.4097 Ц U.S. $1)

End

03.12.2019 16:04
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 86.9913 +0.1289 31 jul
USD 73.1388 -0.0516 31 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3771.58 -0.86 18:50 30 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 286.93 -0.02 23:14 31 jul
lkoh 6298.50 -1.83 23:14 31 jul
rosn 544.40 -1.73 23:11 31 jul
sber 305.40 +0.75 23:14 31 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 86.6500 -0.2575 14:59 30 jul
USDTD 73.2000 -0.5425 17:44 30 jul