Sistema owner says hopes for peaceful settlement with Rosneft

MOSCOW, Oct 5 (PRIME) -- The main shareholder of multi-industry holding Sistema Vladimir Yevtushenkov hopes for a peaceful settlement of a court case against the holding by oil company Rosneft, he told reporters on Thursday.

“Yes, I hope so,” Yevtushenkov said.

He also said that Sistema was making settlement proposals to Rosneft.

Rosneft, the current owner of a controlling stake in oil company Bashneft, filed the suit against Sistema and its unit Sistema-Invest in May, seeking to recover a 170.6 billion ruble loss stemming from an alleged asset stripping at Bashneft by Sistema.

In August, the court satisfied a 136.3 billion ruble part of the suit. Sistema appealed against the decision, after which the negotiations on a peaceful settlement deal with Rosneft were suspended.

(57.7832 rubles – U.S. $1)

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