CEO says sees no reason in privatization of RussiaТs Transneft - News Archive - 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

CEO says sees no reason in privatization of RussiaТs Transneft

BUDAPEST, Oct 30 (PRIME) -- There is no reason in privatization of Russian oil major Transneft, CEO Nikolai Tokarev told reporters on Wednesday.

УSpeaking of Transneft, I see no reason in breaking the company into pieces and transforming it into some sort of a collective farm. It is a serious venture, it is of a state importance, it is in the list of strategic companies, it is very dangerous to tear it into pieces,Ф he said.

УWe are not even discussing privatization of Transneft seriously, at least within the companyЕBut there is discussion outside the company, it was raised as a possibility in a corresponding order, they will find the happy middle ground, and some solutions will be made.Ф

Tokarev also said that the situation within the company was not favorable for a share buyback.

УWe are not forcing the topic, the situation is not that favorable from the point of view of the buyback todayЕIn the end, buyback is an additional financial burden on the company, and we already have problems that we have to solve first,Ф he said.

УIt remains on the table, we didnТt cancel it. We may have to delay its terms, it is very likely. Of course, we will do it if they flash a greenlight to us because we are a state company.Ф

End

30.10.2019 19:38
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 81.4676 +0.9095 08 jul
USD 72.1719 +0.8310 08 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1247.83 +0.06 18:50 07 jul
micex 2825.21 -0.35 18:50 07 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 199.99 +1.41 23:49 07 jul
lkoh 5483.50 +1.24 23:49 07 jul
rosn 368.80 +0.94 23:49 07 jul
sber 214.61 +1.74 23:49 07 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 80.9375 -0.5700 14:59 07 jul
USDTD 71.6100 +0.1650 17:44 07 jul