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Friday, 23 December 2016

Putin: Glencore, Qatar ‘complete deal’ for Rosneft stake

Putin: Glencore, Qatar ‘complete deal’ for Rosneft stake:
"Glencore and Qatar’s sovereign wealth fund have completed their deal to buy 19.5 of Russian state-run oil giant Rosneft, Russian president Vladimir Putin announced.

Speaking at an annual press conference on Friday, Mr Putin said that “foreigners” had “transferred the money into the Russian budget in full.” The deal is worth Rbs700bn ($11.5bn).

The deal as announced two weeks ago would see Glencore and Qatar contribute EUR2.8bn of their own capital, with the rest to come from Italian bank Intesa and a consortium of Russian lenders."

'via Blog this'