Support The Moscow Times!

Itera Says It’s Not for Sale

Gas trader Itera is not selling half its stock to TNK-BP as it buys back a stake held by Sun Group, company president Igor Makarov said Monday.

“We can talk with anyone but we’re not selling anything,” Makarov said, reacting to an Oct. 5 report in Vedomosti that TNK-BP had held talks about buying 50 percent. “We’re ready to form a joint venture, but we’re not ready to sell anything,” he said, declining to name potential partners.

Makarov refused to say how much Itera was paying Sun Group.

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.