Russian state-owned oil major Rosneft may buy 19.5% in itself during privatization, Vice President Mikhail Leontyev said.
“The corporation is seriously studying the possibility of buying its shares from the owner, I mean the government”, he said.
The practice of buying own shares is wide-spread. “This is some kind of paranoia which is taking place around privatization. We are ready to buy our shares. We like our shares. It is a simple procedure in activity of any company. Exxon often buys its shares”, he added. (Prime/Business World Magazine)