OVL gets Russian Prez nod for Imperial Energy takeover
Published on Thu, Aug 28, 2008 at 20:05 | Source : CNBC-TV18
Updated at Thu, Aug 28, 2008 at 21:31
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OVL gets Russian Prez nod for Imperial Energy takeover
According to the PTI (Press Trust of India), Russian President Dmitry Medvedev has given a thumbs-up to ONGC Videsh Limited’s (OVL) bid for the Russian focused oil explorer Imperial Energy.
According to the PTI (Press Trust of India), Russian President Dmitry Medvedev has given a thumbs-up to ONGC Videsh Limited's (OVL) bid for the Russian focused oil explorer Imperial Energy. Petroleum Minister Murli Deora discussed the takeover bid with Medvedev in Tjakistan. In a related development, as reported by Reuters, the Chinese oil major Sinopec has decided not to make a counter offer to Imperial Energy.
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