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Russian oil giant Rosneft might get new foreign shareholders

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Russian oil giant Rosneft might get new foreign shareholders

New potential shareholders are making an effort to get a stake in state-owned Rosneft corporation, Vedomosti newspaper reported on Sunday with the reference to its sources in the company’s top management.


Among the potential buyers, an Arab fund is named. According to the data provided by the newspaper’s sources, the matter concerns Mubadala Fund.

We should remind you that early in December, Qatar Investment Authority (QIA) and Swiss Glencore, concluded a deal on purchase of 19,5% of Rosneft shares. The contract was estimated at 10,2 billion euro.

As it became known, Glencore’s consortium may resell a portion of bought out Rosneft shares. Another Arab fund is named as the most likely candidate for the deal.

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