MOSCOW (AFX) – The multi-billion-dollar merger between Yukos and Sibneft was put on hold after a majority of shareholders declined to ratify the deal. Some 75% of Yukos shareholders abstained from today’s vote on the proposed merger, thereby effectively rejecting the creation of the world’s fourth-largest oil and gas group, Troika Dialogue oil analyst Oleg…
RUSSIA: Yukos/Sibneft merger suspended due to shareholder abstensions
Posted on December 4, 2003 by EnergyAsia