Tuesday, 5 September 2017

Russia's Sechin discussed offering Rosneft share to Japan: court documents

Russia's Sechin discussed offering Rosneft share to Japan: court documents:

"Igor Sechin, the head of Russian oil giant Rosneft (ROSN.MM), offered a stake in the company to Japanese investors before eventually selling to an international consortium, according to documents released during an unrelated court case.

In one of the biggest Russian privatization deals in years, the consortium made up of Qatar and commodities trader Glencore bought a 19.5-percent stake in state-owned Rosneft, one of the world’s largest oil firms, for 10.5 billion euros in December.

About three weeks before that, Sechin had attended a meeting where he described discussions with Japanese investors about them buying the stake, according to a transcript of the meeting read out in court on Tuesday."



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