Moscow will not sell Sibir stake to TNK-BP

A man exits the offices of British-Russian oil giant TNK-BP in central Moscow on March 19, 2008. Russian police raided the headquarters of TNK-BP a spokeswoman for the interior ministry told AFP. AFP PHOTO / NATALIA KOLESNIKOVA

On the prowl: TNK-BP

NATALIA KOLESNIKOVA

By News wires

 13 April 2009 06:11 GMT

Moscow deputy mayor Vladimir Silkin told Russia's Kommersant daily that the city has no plans to sell its 18% stake in domestic oil company Sibir Energy to TNK-BP .

"We had discussions with our fellow shareholder Igor Kesaev and we decided that our strategy will be to hold onto our packages," Silkin said in article that appeared in today's edition.

London's Sunday Times reported that TNK-BP is preparing a £2.3 billion ($3.39 billion) offer for Sibir, without saying where it obtained the information.

The article said TNK-BP shareholder German Khan has begun canvassing shareholders including unnamed UK institutions and Russia's Sberbank to see if the would accept a £6 pound per share offer.

Kommersant also said that Kesaev, who holds a 23.5% stake…

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