Mobius Sells TNK-BP Stake to Rosneft | Business | The Moscow Times:
"Investment fund Templeton Emerging Markets Group has sold its stake in RN Holding, formerly TNK-BP holding, to state oil corporation Rosneft, the company's CEO Mark Mobius announced Thursday.
He did not say when the sale took place or the size or price of the stake sold, Vedomosti reported.
Mobius has been an active critic of Rosneft's policy toward minority shareholders of TNK-BP following its absorption by the state giant in March. In October 2012 Rosneft president Igor Sechin referred to the dividend pool of RN Holding by saying, "It is all our money."
When Rosneft proposed to buyout RN Holding's minority shareholders in October at a price of 67 rubles ($2.06) per privileged share, Mobius said it was too low and requested a meeting with Sechin to try reach a compromise. Mobius later confirmed he met with Sechin but refused to provide details on the outcome."
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