Analysts comment on TNK and Sibneft agreement

The market practically has not reacted to today's joint statement of the Tyumen Oil Company (TNK) and Sibneft on a preliminary agreement on dividing assets of Slavneft, analysts told RBC. This event has been expected; moreover, three days ago Sibneft prices surged by $0.15 to $2.15 per share amid expectations of this deal, they added.

TNK and Sibneft have chosen the most optimal variant of dividing Slavneft assets. The market may react only after the details of the deal are announced, experts say. Investors are interested how the companies have divided the assets and how they will be used in the future. It is also important to know the strategy of business development of TNK and Sibneft, analysts said.

Sibneft and TNK control a 98.5 percent stake in Slavneft, which was the eighth largest Russian oil company in 2002 with 15m tons of oil production.

© &to=http://www.rbc.com' target=_blank>RBC

&to=http://www.sibneft.ru/index.shtml' target=_blank>Sibneft