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Transpetrol going to Russians

SLOVAKIA will not re-purchase the 49-percent stake in Slovak oil transportation company Transpetrol, which is owned by Russian company Yukos, but will instead support the sale of the stake to a Russian company, the Slovak Economy Minister Jirko Malchárek agreed with his Russian counterpart German Gref.

"The original effort to regain the shares was not in favour of Slovak strategic interests. Currently our goal is to transfer the shares to a Russian company," said Malchárek according to Hospodárske noviny daily.

According to the daily, Russian state company Rosneft and Tatneft are believed to have the best chances of acquiring the stake in Slovak Transpetrol.

The question remains, however, how Yukos Finance, a subsidiary of Yukos Oil, responds to this plan.

Compiled by Martina Jurinová from press reports
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