Abramovich closer to selling stake in Sibneft

Roman Abramovich’s attempts to exit the Russian oil industry with a huge cash windfall have received a significant boost after he and his partners succeeded in getting their stake in Sibneft, the oil giant he controls, restored to a level that makes it more marketable. Their stake was previously 57.5 per cent but this has now gone up to 72 per cent, a share which market watchers say could fetch at least $10bn (£5.7bn) and allow the Chelsea Football Club owner to rid himself of Sibneft in a legally straightforward way.

Read our profile on one of Roman’s key advisors at Sibneft: Marina Granovskaia