Moscow won't sell Sibir oil co stake to TNK-BP - report
MOSCOW, April 13 (Reuters) - Moscow Deputy Mayor Vladimir Silkin told Russia's Kommersant daily that the city has no plans to sell its 18 percent stake in domestic oil company Sibir Energy SBE.L to TNK-BP (TNBPI.RTS).
"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 Monday's edition.
London's Sunday Times reported that TNK-BP is preparing a 2.3 billion pound ($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 (SBER03.MM) to see if the would accept a 6 pound per share offer.
Kommersant also said that Kesaev, who holds a 23.5 percent stake in Sibir, declined to comment on the matter.
Sibir had a net profit of $238.5 million in the first half of 2008.
The company produces oil in West Siberia and has a refinery and a petrol station network in Moscow. ($1=.6789 Pound) (Reporting by Alfred Kueppers; Editing by Lincoln Feast)
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