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CEO: Lukoil’s buyback decision unrelated to takeover risk

MOSCOW, Feb 9 (PRIME) -- A buyback program by Russian oil company Lukoil is unrelated to the risk of a takeover, CEO Vagit Alekperov told reporters on Friday.

Lukoil plans to spend U.S. $2–3 billion to buy back shares over five years and to cancel treasury shares accounting for 10% of capital in 2018.

End

09.02.2018 13:00
 
 
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