Rosneftegaz cuts stake in Rosneft to 40.4% from 50% plus 1 shr

MOSCOW, May 25 (PRIME) -- Russian state energy holding Rosneftegaz reduced its shareholding in oil major Rosneft to 40.4% from 50% plus one share on March 28 to lose its controlling position, Rosneft said in a statement late on May 22.

Rosneft’s subsidiary RN-NeftCapitalInvest acquired 9.6% in the parent company on April 30.

Rosneft also left its shareholdings in Venezuelan companies including 100% of Grupo Rosneft C.A., 40% of Petrovictoria S.A., and 80% of the National Oil Consortium. The company also left its 100% shareholding in Germany-based Rosneft Energia GmbH and Russia-based private security company RN-Okhrana-Ryazan.

Rosneft’s First Vice President Pavel Fyodorov said earlier in May that state oil company Roszarubezhneft had acquired all assets of Rosneft in Venezuela. It also became known that Roszarubezhneft had acquired a stake in RN-Okhrana-Ryazan, and the security firm’s charter capital was multiplied to 322.752 billion rubles from 250,000 rubles.

(71.8804 rubles – U.S. $1)

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