MOSCOW May 21 Commodity trading house Gunvor
denied a Russian newspaper report on Wednesday that it was up
for sale after its major shareholder Gennady Timchenko sold his
stake in March just before the United States imposed sanctions
on him over Ukraine.
Russia's Kommersant business daily quoted market sources as
saying the Swiss-based trader had discussed a possible sale to
Kremlin-controlled oil producer Rosneft.
"The article is pure fiction. The company is not up for
sale," said a spokesman for Gunvor.
A Rosneft spokesman also said there "was no such offer".
(Reporting by Vladimir Soldatkin, editing by Elizabeth Piper)