Rosneft privatization completed

08.12.2016

All necessary documents for finalizing the deal on privatization of a stake in Rosneft were prepared.

The selling stake was prepared in Russian government, the governmental press service reports. Governmental documents and directives for finalizing the deal will be issued soon.

Rosneft's head Igor Sechin reported on the details of the deal to Prime Minister Dmitry Medvedev.

Yesterday at the meeting with Russian President Vladimir Putin Igor Sechin said that the deal on selling a 19.5% stake in Rosneft for 10.5 billion euro has been completed. The strategic investor became the consortium of Glencore trader company and Qatar’s sovereign find.

Sberbank CEO Herman Gref considers Rosneft privatization deal successful due to discount. The transaction on privatization of 19.5% shares in Rosneft will not facilitate the access to foreign markets for other companies due to anti-Russia sanctions.

Source: Arctic-Info

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