Saturday, January 16, 2021
Sign-In
|
Sign-Up
|
Contact Us
|
Bookmark
Home
News
Articles
Forum
Search
Directory
Blog
Accounts
Business
|
Politics
|
Technology
|
Entertainment
|
Sport
|
Other
|
All Published News
|
Investors are not ready to sell LUKoil shares for federal prices
According to Vedomosti's sources, not a single shareholder took advantage of the ConocoPhillips offer to sell one LUKoil share for $30.76. LUKoil managers did not take part in the deal, as the price was not right for shareholders, a Vedomosti source close to this offer's organizers noted. At the same time, the Audit Chamber warned the president and the government that the price of LUKoil shares at a recent privatization auction did not correspond to market levels. A source close to LUKoil believes that the US company will eventually buy the shares and so control 10% of the LUKoil stock. This is a mandatory precondition for appointing a ConocoPhillips representative to the LUKoil board. As I see it, the prices are bound to go up, Vedomosti's interlocutor added. Some analysts think that ConocoPhillips can succeed by offering $31-31.5 per share. Valery Nesterov from Troika Dialog believes that the abortive deal will facilitate LUKoil's more successful stock-market performance because even small investors and minority shareholders will remember that ConocoPhillips will hit the market once again. Shares were going for $32.45 on the Russian Trading System (RTS) yesterday. Some experts are inclined to think that Capital Group, which acquired 10% of the LUKoil stock a few years ago, might share that package with ConocoPhillips, if the market deal proves unsuccessful. LUKoil's October 6 RTS capitalization levels totaled $27.4 billion. ConocoPhillips owns 7.59% of the company's corporate shares, while top managers control 20.58%
Related News
Over the last nine months, the production of oil in Russia has increased buy 9.7 % from the same period in 2003
The European countries on the Barents Sea and Russia plan to create a railroad transportation corridor that will link the northern European ports with the Urals
Privatisation of the Federal Unitary State Enterprise Rosspirtprom will be two-stage
The Russian Audit Chamber believes that the auctioned 7.6% of Lukoil shares could have yielded to the state far more profit
Belarus hopes to conclude a contract with the Russian Federation for gas deliveries by October-November
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
The Russian Railways joint stock association is intensifying freight traffic in the sphere of foreign trade
LUKOIL Overseas have signed an agreement on joint activities
Mikhail Fradkov sees the development of the transport infrastructure as the common of interest of both the state and business
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
The Russian Armed Forces consume huge amounts of oil and petroleum products
Bank of Russia forecasts net capital inflow to Russia in September for the first time in the recent months
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
The merger of Gazprom and Rosneft will not be completed by the end of this year
General Motors and AvtoVAZ plan to announce the construction of a transmission and engine plant in Togliatti
The American ConocoPhillips company announced a tender for the purchase of 20,417,597 ordinary Lukoil shares
Additional steps will be required to contain the rise of the rouble exchange rate in case the oil prices exceed 50 dollars per barrel next year
The following rates of exchange of foreign currencies to the ruble of the Russian Federation
Yesterday, Yukos halted oil shipments to China National Petroleum Corporation
In 2005, the government will begin reforming the budget system
Sep
October 2004
Nov
Mo
Tu
We
Th
Fr
Sa
Su
27
28
29
30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
2
3
4
5
6
7