VTB Bank ready to lend to QIA for purchase of Rosneft stake - 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

VTB Bank ready to lend to QIA for purchase of Rosneft stake

MOSCOW, May 7 (PRIME) -- RussiaТs second biggest lender VTB Bank is ready to provide a loan to the Qatar Investment Authority (QIA) to purchase a stake in oil major Rosneft under a deal with Swiss commodity trader Glencore, the bankТs CEO Andrei Kostin told PRIME on Monday.

УWe are overall ready to provide the fund with money, we are always ready to lend,Ф Kostin said.

The consortium of Glencore and the DIA, which bought 19.5% in Rosneft in 2016, announced a sale of 14.16% of the stake to ChinaТs CEFC in 2017. But on May 4, the consortium notified CEFC of termination of an agreement to sell the stake. The companies also decided to dissolve the consortium to move to direct shareholding, the QIA will hold 18.93% in Rosneft and Glencore will own 0.57%.

Kostin also said that VTB Bank had closed a 5 billion euro credit line issued to CEFC for purchasing 14.16% in Rosneft. УWe have closed it,Ф he said.


07.05.2018 13:35
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.9232 -0.3208 20 apr
USD 63.9602 -0.1086 20 apr
Stock Market Indices
1D 1W 1M 1Y
rtsi 1260.82 -0.12 18:50 19 apr
micex 2563.90 +0.12 18:50 19 apr
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 162.57 +0.48 18:49 19 apr
lkoh 5602.00 -0.14 18:48 19 apr
rosn 432.00 -0.84 18:49 19 apr
sber 232.60 -0.08 18:49 19 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.9125 -0.2875 14:59 19 apr
USDTD 64.0125 +0.0400 17:44 19 apr