Rosneft modifies its dividend policy after merger with BP-TNK
Edited by Rhod Mackenzie / 2013-04-18 02:25:42
Rosneft modifies its dividend policy for the united company after merger with BP-TNK. The corporative standards are 25% of net profit by ISA. On Wednesday, the President of Rosneft I. Sechin met with the investors and claimed that in near time the company would not make any offers for shares buying out from minority shareholders but it could be understood from his words that the shareholders would probably be able to get their dividends. On Wednesday, Rosneft securities declined in price by 2.27% at the background of common decline of the market; the index at MICEX declined by 1.22%.
