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Russia's Rosneft stake valued at over $11 bln for privatisation - source

Fri, 02nd Sep 2016 10:43

LONDON/MOSCOW, Sept 2 (Reuters) - Russia could fetch over$11 billion in privatising oil firm Rosneft but needs toguarantee stable tax regime ahead and during the sale, anindustry source said citing documents submitted to the Russiangovernment.

The documents were submitted this week by Rosneftegas, whichowns control in Rosneft on behalf of the government. Italianbank Intesa is advising Rosneftegas on the sale. The Kremlinplans to keep 50 percent plus one share after privatisation.

Russian economy ministry did not immediately reply for awritten request seeking for a comment. (Reporting by Dmitry Zhdannikov; additional reporting by DaryaKorsunskaya; editing by Katya Golubkova)

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