Sibir Served with Temporary Injunction

The HeraldMay 04, 2005

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Summary


SHARES in Sibir Energy lost nearly 7-per cent of their value at one stage yesterday following news late on Friday that the firm and a key Russian investor received a faxed copy of a temporary freezing injunction from a law firm called Class Law Solicitors.

The stock dipped by 14.5p - a loss of 6.95-per cent - shortly after the market opened but recovered later in the day to end the session 5p, or 2.4-per cent, down at 203.5p.

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Extract


Sibir Served with Temporary Injunction

Sibir, an independent, integrated energy company that operates mainly in the Russian Federation, said the ord...

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