Source: Russia approves QIA's purchase of 14% in Rosneft
MOSCOW, Aug 31 (PRIME) Ц A Russian government commission for foreign investment control has approved the purchase of a 14.16% stake in oil major Rosneft by sovereign fund Qatar Investment Authority (QIA), a government source told reporters on Friday.
УThis decision has been made really not long ago,Ф the source said.
A consortium of QIA and Swiss trader Glencore, which bought 19.5% in Rosneft during privatization in 2016, announced the sale of 14.16% of the stake to ChinaТs CEFC in 2017. In May 2018, the consortium decided to terminate the agreement with CEFC and to move to direct shareholding, with QIA holding 18.93% in Rosneft and Glencore 0.57%.