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But even if the odds are stacked against them, they’re not yet ready to give up the fight. Having failed to persuade Igor Sechin, Rosneft’s chief executive, to offer a fair price for their shares, the minorities have taken the bold step of launching a personal attack on the close associate of president Vladimir Putin.
A group of TNK-BP minority shareholders has filed a written complaint against Sechin (pictured) with the Russian Union of Industrialists and Entrepreneurs, an independent business lobby group, Vedomosti reported on Friday. The letter, a copy of which was obtained by the Russian business daily, accuses Sechin of breaching “corporate and business etiquette”."
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