Russia may sell 19.5% in Rosneft to strategic investor, on market

MOSCOW, Dec 22 (PRIME) -- The Russian government may sell a 19.5% stake in oil major Rosneft either to a strategic investor or on the market, depending what is more profitable for the company and the state, Federal State Property Management Agency Director Olga Dergunova told reporters Tuesday.

“We are for any option, which will allow us, as we have decided to sell, to optimize two things: the company’s interests and the revenue of the government as a shareholder,” she said.

“If a merger & acquisition deal or a swap with a strategic investor implies a maximum price and the company’s efficient development, this is a perfect deal. If in this moment shares, which can be sold on the exchange not only to speculators, but to strategic investors as well, show a maximum interest from a wide circle of investors, then, I assure you, the most reasonable decision will be made,” she said.

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