Templeton's Mobius Urges 'Fair and Equitable' TNK-BP Buyout | Business | The Moscow Times:
"Emerging markets fund manager Mark Mobius appealed Saturday for oil company Rosneft to make a "fair and equitable" offer to buy out minority shareholders in oil company TNK-BP.
Mobius denied reports by Russian news agencies of a meeting with Igor Sechin, CEO of the state oil major, to discuss a buyout. In comments to Reuters, he said minorities had not yet, as far as he knew, received a formal offer.
Minority shareholders own 5 percent of TNK-BP Holding, a listed unit of TNK-BP. The parent company was sold by a quartet of Russian tycoons and by Britain's BP to Rosneft in a $55 billion deal that closed this spring."
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