Timchenko May Sell 13% of Transoil to Bokarev, Vedomosti Reports

Russian billionaire Gennady Timchenko may sell a 13 percent stake in Transoil, his railroad oil carrier, to coal and transportation tycoon Andrey Bokarev, Vedomosti reported, citing unidentified people.

Timchenko acquired the stake from shareholders of Globaltrans Investment Plc last year and now seeks a new minority partner for Transoil, the newspaper said.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net

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