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Russia's Rosneft Says Qatari Fund to pay 3.7 billion Euros for Rosneft Stake

Source: Reuters 11/6/2018, Location: Asia

Russian oil giant Rosneft said that the Qatar Investment Authority sovereign wealth fund would pay around 3.7 billion euros ($4.23 billion) for a 14.16 percent stake in the company. The QIA would become the third-largest Rosneft shareholder as a result of the deal after the Russian government and British oil major BP (BP), the company added. Trader Glencore would retain a 0.6 percent stake.

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