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Russian tycoon Timchenko says not interested in buying Bashneft

Russian tycoon Timchenko says not interested in buying Bashneft

MOSCOW: Gennady Timchenko Russian tycoon said on Tuesday he was not interested in buying mid-sized oil company Bashneft and would not be interested in doing so in the future.

The state plans to hold a sale of the Bashneft shares seized from Sistema. A Moscow court has ruled in favor of transferring Bashneft shares owned by Sistema to the state.

Timchenko was interested in buying Bashneft. This is complete nonsense. There was no interest towards Bashneft and there will not be such interest.