The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Rosneft may consider privatisation deal at Wednesday board meeting-sources

Mon, 05th Dec 2016 17:42

MOSCOW, Dec 5 (Reuters) - Russian oil major Rosneft could consider a privatisation deal at a board meetingon Wednesday, a person close to the board and a second person inthe banking industry told Reuters on Monday.

Under a government decree, the sale of a 19.5 percent statestake in Rosneft is to be finalised by Dec. 5, with the statebudget receiving the funds by end-2016. The decree did notstipulate a buyer, but Rosneft is widely expected to buy thestake itself.

(Reporting by Darya Korsunskaya and Elena Fabrichnaya; Writingby Jack Stubbs; Editing by Adrian Croft)

Related Shares

More News
23 May 2024 21:40

Republican-led states ask Supreme Court to quash Big Oil climate lawsuits

May 23 (Reuters) - Nineteen Republican attorneys general have filed a rare complaint directly with the U.S. Supreme Court asking it to block several...

22 May 2024 21:54

US lawmakers urge Justice Department to probe climate deception by Big Oil

May 22 (Reuters) - U.S. lawmakers behind a congressional probe of major oil companies on Wednesday called on the Justice Department to investigate w...

22 May 2024 02:00

British firms expecting hard time in China market, lobby group warns

BEIJING, May 22 (Reuters) - British firms expect doing business in China to become harder over the next five years, a British business lobby group s...

22 May 2024 00:01

US Cash Products-Chicago RBOB surges after refinery issues

NEW YORK, May 21 (Reuters) - Cash differentials for RBOB gasoline surged on Tuesday after a refinery that has faced operational issues in recent days ...

16 May 2024 17:53

European shares snap nine-day winning streak as Siemens weighs

Roche gains on obesity drug results from early-stage trial *

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.