Russian Finmin: Rosneft Stake to be Privatized Worth About $9.9B
MOSCOW, April 15 (Reuters) - Russian Finance Minister Anton Siluanov said in an interview with CNBC the government's current estimate of the value of the 19.5 percent stake in oil producer Rosneft that it plans to privatize is around 650 billion roubles ($9.9 billion).
"We have plans to sell 19.5 percent of the shares in Rosneft. Our current estimate of this stock is roughly 650 billion roubles," Siluanov said in the interview broadcast on Friday.
He added that Russia hoped the privatization of the Rosneft stake could take place in the second half of the year.
(Reporting by Alexander Winning; Editing by Christian Lowe)
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, In U-Turn, Plans To Bid For Alrosa's Gas Assets (Dec 29)
- Sanction-Proof Oil Rig Beats US Policy From Cuba to Russia (Dec 19)
- Russia's Rosneft Signs Oil Supply Deal With Greece's Motor Oil (Nov 20)