Russia’s presidential office handling Lukoil’s share buyback from foreigners

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A general view shows the oil refinery of the Lukoil company in Volgograd

A general view shows the oil refinery of the Lukoil company in Volgograd, Russia April 22, 2022. Picture taken April 22, 2022. Picture taken with a drone. REUTERS/REUTERS PHOTOGRAPHER Acquire Licensing Rights

MOSCOW, Sept 1 (Reuters) – Russia’s Deputy Finance Minister Alexei Moiseev said on Friday that the presidential administration has received Lukoil’s (LKOH.MM) request to buy back shares from foreign investors.

He also said the government commission is not considering it for now.

Russian oil major Lukoil (LKOH.MM) has asked Russian authorities for permission to buy back up to 25% of its shares from foreign investors at a discount of at least 50%, the Interfax news agency reported last week, citing sources.

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