Russia’s largest oil company gets bigger

Yukos, country’s largest, buys Sibneft, becomes world’s fourth largest

Vladimir Isachenkov

Associated Press Writer

Russia’s largest oil company, Yukos, announced April 22 that it would buy a smaller rival, Sibneft, in an agreed takeover that would create one of the world’s biggest oil concerns. Yukos will pay $3 billion in cash for an initial 20 percent stake in Sibneft and by the year’s end acquire the rest of....