Russia's Timchenko Says Has 'No Interest' in Buying Bashneft

Reuters

MOSCOW, Dec 9 (Reuters) – Russian tycoon Gennady Timchenko said on Tuesday he was not interested in buying mid-sized oil company Bashneft and would not be interested in doing so in the future.

"This is complete nonsense. There was no interest towards Bashneft and there will not be such (interest)," he told Reuters when asked whether he was interested in buying Bashneft.

A Moscow court has ruled in favour of transferring Bashneft shares owned by Sistema to the state. The state plans to hold a sale of the Bashneft shares seized from Sistema.

(Reporting by Denis Pinchuk; Writing by Katya Golubkova; Editing by Alexander Winning)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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