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’Snap news
Breaking pre-market news on Wednesday,
- Natixis parent BCPE will guarantee €35bn of toxic assets as the struggling investment bank – Reuters.
- Gazprom said its oil arm had accumulated a 55 per cent stake in Sibir Energy between April and June 2009,
Presenting Sibir Energy MkII
It’s actually a company called Cadogan Petroleum, which was floated by UBS and Fox-Davies Capital at 230p just a year ago. But the similarities are striking.
From a statement released after the market closed on Friday,
Sibir, afternoon update
As Gazprom Neft attempts to increase its holding to 29.9%, Sibir has struck a deal with its biggest debtor – shareholder Chalva Tchigirinski.
Here’s Friday’s afternoon’s press release:
The Board
Sibir tender offer; maybe; price unknown
More farce on the Sibir Energy front – but this time not necessarily of its own making.
Renaissance Capital, the Russian investment bank, said on Friday it was making a tender offer for Sibir stock on behalf of Gazprom Neft,
Hurry, special offer for Sibir investors
It’s BP-TNK and they are prepared to offer 430p for each share. (And no, that’s not a typo).
But don’t hang about as this once in a lifetime offer, which values the scandal- hit Russian oil explorer at a cool £1.6bn, ends on Thursday.
Sibir goes to court…
Sibir Energy is fast shaping up as the worst scandal on record to hit Aim, London’s junior Aim market.
On Tuesday, the company revealed it was suing former directors Henry Cameron and Russian businessman Chalva Tchigirinski, in connection with “unauthorised payments”.
Sibir shares suspended after disclosure
Shares in Sibir Energy, the UK-listed oil company with assets in Russia, were suspended Thursday after the company revealed that it had lent $325m to one of its shareholders. In a statement, Sibir admitted that Chalva Tchigirinski,
[The Noddies] #1 – Sibir Energy
Introducing The FT Alphaville Guide to Non-executive Directors Who Appear to have Nodded Off.
First in an occasional series… Submissions invited.
Sibir Energy
Board of Directors
Mr. William L. S.
Sibir Energy – the saga continues
This is looking distinctly terminal. Thursday’s statement (emphasis ours):
The quotation of Sibir’s ordinary shares on the London Stock Exchange has been suspended today at the request of Sibir. Sibir’s Nominated Adviser,