Company News: Gazprom to buy controlling stake in Sibneft

10/10/2005
Russia’s state-controlled OAO Gazprom plans to acquire 72.7% of oil company OAO Sibneft for $13.1 billion in a transaction that will raise Gazprom’s total stake in Sibneft to 75.7%.In other recent company news:• A unit of OAO Lukoil agreed to pay $2 billion, or $2.10/share, to acquire 100% of Nelson Resources Ltd., Toronto, in Lukoil’s efforts to increase its reserves in Kazakhstan.• Chesapeake Energy Corp. announced an agreement to acquire Columbia Natural Resources LLC from Triana Energy Holdings LLC for $2.95 billion, including the assumption of $75 million in debt and liabilities related to CNR’s prepaid sales agreement and hedging positions. ...
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