Wednesday 21 May 2014

Russia's Rosneft May Buy Switzerland's Gunvor Energy Trader - Paper | Business | RIA Novosti

Russia's Rosneft May Buy Switzerland's Gunvor Energy Trader - Paper | Business | RIA Novosti:



"MOSCOW, May 21 (RIA Novosti) — As the Swiss energy trader Gunvor prepares for sale, it holds talks with several potential buyers, including oil companies, and Russian giant Rosneft in particular, Russian daily Kommersant wrote on Wednesday citing market sources.



Gunvor assets were offered for sale in May, and some candidates are considering buying the entire company, the sources said. The discussed price is around $5 billion.



The sources, close to Gunvor's former partner Gennady Timchenko said the company was looking to attract partners, "and naturally, it is considering Rosneft."



Gunvor denied it was searching for buyers. Rosneft said it had no offers from the Swiss company. Sources in two other Russian energy companies Gazprom and LUKOIL said Gunvor was likely outside of their interest."



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