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17

Gazprom Got Approval To Buy Sibneft

Gazprom's $13.1 billion takeover of oil company Sibneft

$13.1 billion takeover bid for oil company Sibneft from Russian gas monopoly, won approval from the Federal Anti-Monopoly Service.

The acquisition complies with Russia's "law on natural monoplies," the service said on its web site Wednesday.

Gazprom and Sibneft now have 10 days to post the ruling on their web sites.