Alliance Denies In Talks with Rosneft Over Oil Assets



Reuters

MOSCOW, July 25 (Reuters) - Alliance Group, a shareholder in mid-sized Russian oil and gas company Alliance Oil, denied reports that it was in talks over a sale of assets to state-controlled oil major Rosneft.

Russian newspapers Kommersant and Vedomosti said this week that Rosneft or its first vice-president Eduard Khudainatov acting alone were considering buying an interest in Alliance Oil, which is listed in Stockholm.

Vedomosti's report said Alliance Group was negotiating to sell oil assets to Rosneft, including a stake in Alliance Oil and in the Khabarovsk refinery.

A source close to Rosneft and a separate source close to Alliance confirmed Rosneft's interest in regards to Alliance Oil.

But Alliance Group, which controls around 43 percent of Alliance Oil via several entities, said the oil company was a strategic investment and that it was not in talks with Rosneft or any other party about selling.

Rosneft declined to comment.

Alliance Oil shares were up 5.4 percent in Stockholm at 1037 GMT. Rosneft was down 0.62 percent.


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