- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Rosneft will go fully private in next 3-10 years - Kremlin

Subscribe
Russia's oil company Rosneft [RTS, LSE: ROSN] will go fully private in the next three to 10 years, a senior Kremlin official said Sunday.
SOCHI, September 17 (RIA Novosti) - Russia's oil company Rosneft [RTS, LSE: ROSN] will go fully private in the next three to 10 years, a senior Kremlin official said Sunday.

Igor Shuvalov, the Russian president's aide, also said the company's major investors would only have stakes not exceeding 10% each.

"Rosneft will be privatized in full sooner or later," Shuvalov said. "It will go private in the next three to 10 years."

"Rosneft is destined to go public, in my opinion," Igor Shuvalov added. "It will have large portfolio and strategic investors, but their stakes will not exceed 10% each."

Rosneft held an initial public offering this summer in Moscow and London, the biggest in Russia's corporate history and the world's fifth largest, raising $10.4 billion.

Rosneft President Sergei Bogdanchikov said earlier three strategic investors had subscribed for $3 billion of the company's shares. He said that U.K.-based BP had subscribed for $1 billion worth of shares, Malaysian oil company Petronas for $1.5 billion, and China National Petroleum Corporation for $500 million.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала