MOSCOW, Jan 4 (Reuters) - Russian state holding companyRosneftegaz on Wednesday closed a deal with the Qatar InvestmentAuthority (QIA) and commodities trader Glencore to sella 19.5 percent stake in state-owned oil major Rosneft,Rosneft said.
The privatisation deal, which Rosneft Chief Executive IgorSechin called the largest in Russia's history, was announced byRosneft in a meeting with President Vladimir Putin in December.
Its success suggests the lure of taking a share in one ofthe world's biggest oil companies outweighs the risks associatedwith Western sanctions imposed on Russia over the conflict inUkraine.
"The technical procedures for closing (the deal) requiredthe preparation and signing of more than 50 documents andagreements," Rosneft said in a statement. "All this reflects theunprecedented complexity of the deal."
Italy's Intesa Sanpaolo said on Tuesday it wouldprovide a loan for up to 5.2 billion euros ($5.4 billion) tohelp the QIA and Glencore purchase the stake. (Reporting by Katya Golubkova and Jack Stubbs; Editing by MarkPotter)