YUKOS-Sibneft in acquisition talks with US companies - top businessman
Talks on the purchase of a block of shares in the YUKOS-Sibneft merger company by the US' Shell and Exxon Mobil oil giants are coming to an end, Igor Yurgens, Vice-President of the Russian Union of Industrialists and Entrepreneurs, told a Moscow news conference.
"We know that the two companies are ready to invest $8 to $9 billion for a 25-percent block of shares in YUKOS-Sibneft. The companies deny they are holding such talks because they are very delicate," said Mr Yurgens. Investments in the Russian economy will reach $100 billion this year, according to Mr Yurgens. The Union has cited these figures in a report it is expected to present at a Russian-US summit in St Petersburg early next week.
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