Rosneft Repays $10.6B in Loans before Time for TNK-BP Takeover

Reuters

MOSCOW, March 25 (Reuters) – Russia's Rosneft, the world's largest listed oil company by output, said on Tuesday it had repaid some $10.6 billion to international banks raised for its takeover of TNK-BP.

Rosneft, headed by Igor Sechin, a close ally of President Vladimir Putin, said it paid back loans ahead of time in December-March.

Rosneft paid $55 billion to buy TNK-BP, once Russia's third largest oil producer, partly using loans.

(Reporting by Katya Golubkova, editing by Elizabeth Piper)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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