Lukoil uses part of Conoco option, will buy back 4.99% of its own shares
MOSCOW. Sept 26 (Interfax) - Lukoil and a group of investors led by Unicredit bank have acquired 42.5 million common shares in the form of ADRs under an agreement with U.S. ConocoPhillips, a Lukoil statement says.
At the Lukoil press service Interfax was told that in this way the company used part of it option for buying back its own shares from Conoco. In the framework of the option Lukoil will buy back some 4.99% more of its shares, Lukoil added.