Matra, AAR Group May Buy Spain’s Vetra, Kommersant Says

Former TNK-BP executive Maxim Barskiy offered the company’s billionaire shareholders a chance to jointly buy Spanish oil company Vetra Group which holds assets in Colombia, Kommersant reported today, citing people it didn’t identify.

The AAR group, BP’s partner in TNK-BP, which represents interests of billionaires Mikhail Fridman, Len Blavatnik and Victor Vekselberg, hasn't decided yet if it will help Barskiy’s Matra Petroleum Plc (MTA) to fund the deal, which may be valued at $500 million, Kommersant said.

Barskiy holds 29.8 percent in Matra and will become the company’s chief executive officer next month. Vetra Group was founded by Humberto Calderon Berti, former president of Petroleos de Venezuela SA, Kommersant said.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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