Tyumen offers to buy debt from bankrupt Sidanko

Article Abstract:

Tyumen Oil Co. has offered to acquire bankrupt AO Sidanko's assets for as much as $77 million (75.2 million euros). Tyumen offered to purchase Sidanko's debts to Western creditors. Sidanko is the fifth-largest oil concern in Russia. Tyumen's bid for Sidanko could complicate BP Amoco PLC's plans. BP purchased a 10% share in Sidanko in 1997. Tyumen could have greater influence in Sidanko's bankrupcty proceedings if its bid is accepted.

Comment:

Tyumen Oil offers to acquire bankrupt Sidanko's assets for $77 million (75.2 million euros)

Asset sales & divestitures, Crude Petroleum and Natural Gas Extraction, Crude Petroleum & Natural Gas, Russia, Petroleum industry, Abstract, Natural gas, Petroleum, Gas industry, Tyumen Oil Co., AO Sidanko

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Areva to buy UraMin for $2.5 billion

Article Abstract:

Canada uranium mining firm UraMin Inc. has been purchased by France's state-owned Areva S.A., a nuclear engineering company, for $2.5 bil, or $7.75 per share. Areva bought UraMin in order to double its existing production of 6,000 tons of uranium per year by 2011.

Canada, France, Primary nonferrous metals, not elsewhere classified, Electric services, Uranium-radium-vanadium ores, Company acquisition/merger, Nuclear industry, Uranium industry

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