04:57 GMT +325 June 2019
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    Rosneft stand in the Expoforum exhibition center before the opening of the 20th St. Petersburg International Economic Forum

    European Investors Show Interest in Rosneft Privatization

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    European investors are interested in the privatization of the oil company Rosneft, Russian Economic Development Minister Alexei Ulyukayev said Saturday.

    BEIJING (Sputnik) — European investors are interested in the privatization of the oil company Rosneft, Russian Economic Development Minister Alexei Ulyukayev said Saturday.

    Russia is due to sell 19.5 percent of Rosneft's shares in the second half of 2016. It has been earlier reported that Indian and Chinese investors expressed their enthusiasm.

    "Europe, for instance [is interested]. They are interested because this is a good asset, obviously," Ulyukayev said.

    Meanwhile, Rosneft's CEO Igor Sechin said that the privatization on a stock exchange in the current environment will be extremely inefficient. In his opinion, it is necessary to find a strategic investor who must be appropriately qualified.

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    privatization, investors, Rosneft, Russian Economy Ministry, Alexei Ulyukayev, Russia
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