Sibir Energy shares were suspended on February 19 at 174.75p after the company revealed that it had lent $325m to its main owner and founder, Shalva Tchigirinsky.
BP-TNK yesterday confirmed it was offering 430p a share for Sibir.
And now… (from FT.com):
Gazprom Neft, Russia’s state-controlled oil major, has entered into a bidding war for a significant minority stake in Sibir Energy, the Aim-traded Russian energy group, offering 70p a share more than privately-owned rival TNK-BP, which is half owned by BP.
Renaissance Capital, the Moscow investment bank, said on Thursday it was offering to buy minority shares in Sibir Energy for 500p a share on behalf of Gazprom Neft, which is the oil arm of state-controlled monopoly Gazprom.
The move comes one day after Credit Suisse announced it was launching a book-build on behalf of TNK-BP for Sibir shares at 430p apiece, which closes on Thursday.