Executive says government opposes TransneftТs buyback program - Financial Wire - 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
 
 
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