Alliance Group: Not in talks to sell stake in Alliance Oil

7/26/2013

Alliance Group: Not in talks to sell stake in Alliance Oil

BY JAMES MARSON

MOSCOW -- Alliance Group said it isn't in talks to sell a stake in oil firm Alliance Oil to Rosneft or any other company.

Alliance Group views Alliance Oil Company as a strategic investment and intends to promote AOC's development in the future, Alliance Group said in a statement.

Vedomosti said that Rosneft was in talks to acquire a stake in Alliance Oil Co and other oil assets owned by Alliance Group.

Dow Jones Newswires

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