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TNK-BP, Vekselberg in Talks

TNK-BP said it has entered talks to buy a natural gas distribution business from Viktor Vekselberg's Integrated Energy Systems.

"We are in talks to buy Gazeks," as the unit is known, Mikhail Slobodin, executive vice president of TNK-BP's gas division, told reporters Wednesday. He declined to elaborate.

Gazeks comprises 11 gas distribution companies in the Urals region, Siberia and Ukraine, according to its web site. Vekselberg is a shareholder in TNK-BP.

(Bloomberg)

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