Rosneft Privatization Advisor Proposes To Sell Stake To Strategic Investor
MOSCOW, July 11 (Reuters) - Italian bank Intesa Sanpaolo , which is consulting on Rosneft's privatisation, is proposing to sell the stake in Rosneft to a strategic investor, head of Russia's state property management agency Dmitry Pristanskov told reporters on Monday.
Moscow included a planned reduction in its stake in Rosneft, the world's top listed oil producer by volume, to 50 percent from 69.5 percent, in its privatisation plan for 2016. The sale is expected to bring around 650 billion roubles ($10.12 billion) to the budget.
(Reporting by Darya Korsunskaya, Olga Popova and Polina Devitt; writing by Denis Pinchuk, editing by Katya Golubkova)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Russia's Rosneft Signs Oil Supply Deal With Greece's Motor Oil (Nov 20)
- Eni Looks To Strengthen Ties With Rosneft, Maybe In LNG (Oct 19)
- Kremlin Oil Major Piles Up Investments In Iraq's Kurdistan Amid Crisis (Oct 18)