Gazprom Buys Sibneft for $13.1 Billion

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Russian gas monopoly Gazprom on Wednesday signed Russia’s biggest-ever takeover, buying control of local oil company Sibneft for $13.1 billion from Roman Abramovich’s Millhouse Capital.


The two firms said in a joint statement that state-controlled Gazprom would acquire 72.663 percent of Sibneft, Gazprom and Millhouse said in a joint statement.


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