Report: Glencore sees Rosneft shares still going to ChinaТs CEFC - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Glencore sees Rosneft shares still going to ChinaТs CEFC

MOSCOW, Mar 20 (PRIME) -- Mining giant Glencore still expects to complete the deal to sell part of its holding in Russian oil major Rosneft to ChinaТs CEFC, Reuters reported Tuesday citing Glencore chief executive Ivan Glasenberg.

CEFC China Energy Chairman Ye Jianming, under investigation in China over suspected economic crimes, will step down from his position at the Chinese conglomerate, officials said on Tuesday.

УThe deal might still happen... The deal was approved by the Chinese government,Ф he said.

Glencore and Qatar Investment Authority (QIA) earlier agreed to sell 14.16% in Rosneft to CEFC for 3.906 billion euros and an equivalent of U.S. $4.576 billion. The consortium will spend the entire sum to redeem a loan provided mainly by ItalyТs Intesa Sanpaolo and by several Russian banks to buy 19.5% in Rosneft during its privatization in December 2016.

End

20.03.2018 18:34
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1149.53 +0.78 18:50 21 sep
micex 2426.80 +1.08 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep