Rosneft Buys Stake in Pirelli Plus Some of Its Debt | News | The Moscow Times:
"Italy's anti-monopoly committee has approved the sale of a 13 percent stake in tire manufacturer Pirelli to Rosneft, the Russian oil major told RIA Novosti on Tuesday.
Rosneft bought the stake through a consortium of banks comprising UniCredit, Intesa Sanpaolo and the Clessidra fund for 500 million euros ($670 million) and agreed to take on 250 million euros of Pirelli's debt obligations, the Vesti Finance news agency reported.
According to the company's financial reporting, Pirelli's total outstanding debt amounted to 2.5 billion euros as of June 30. Rosneft is burdened with almost 1.5 trillion rubles ($44 billion) of debt, according to its first-half report."
'via Blog this'
No comments:
Post a Comment