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Abramovich in talks to invest in Linc Energy

Date: November 08 2012


Russian billionaire Roman Abramovich is considering investing in Linc Energy, a company that has produced diesel and jet fuel from gas released from underground coal, a person familiar with the talks says.

"He is particularly interested in the Clean Energy UCG business," the source said, declining to be named as the talks were confidential.

The source confirmed a report in the Australian Financial Review that said Chelsea soccer club owner Abramovich was seen dining with Linc Energy chief executive Peter Bond at a restaurant in Brisbane and had visited Linc's gas-to-liquids plant in Chinchilla, Queensland.

Linc Energy shares were up 2 cents, or 3.4 per cent, at 61.5 cents in late morning trade, while the general market was down nearly 1 per cent.

Reuters

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