COMPANY NEWS: Sibneft, TNK joint affiliate wins stake in Slavneft

01/06/2003
Invest-Oil—an affiliate company acting in the interest of Russian oil firms Siberian Oil Co. (Sibneft) and Tyumen Oil Co. (TNK)—has bid for and won a 74.95% equity stake in OAO Slavneft for $1.86 billion. Slavneft is Russia's ninth largest oil producer, the companies said in a joint statement.In other recent company news:Dearborn, Mich.-based CMS Energy Corp. has reached an agreement to sell its interstate natural gas pipeline unit, CMS Panhandle Cos., and that business unit's accompanying subsidiaries, to Southern Union Panhandle for $1.828 billion.Gas de France said it will acquire Lingen, Germany-based Preussag Energie GMBH, an affiliate of TUI AG, for nearly one bi...
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