Media: Gazprombank will take part in financing the purchase of “Rosneft” – the economic news Agency PRIME

MOSCOW, 15 Dec – PRIME. Gazprombank (GPB) will participate in financing the consortium of Swiss trader Glencore and the Qatar sovereign wealth Fund (Qatar Investment Authority) to purchase shares in Rosneft ROSNreports РБКRBCM, citing an unnamed Federal official and close to the Board of Directors of “Rosneft” source.

Previously, “Rosneft” reported that Italian Bank Intesa Sanpaolo will be the main creditor, the Qatari Fund and Glencore in a deal, secured the financing purchased their shares in the oil company. Glencore noted that the part of credit financing for the transaction was provided by the Russian banks.

“the Third volume of assets the Bank of Russia Gazprombank China will Finance a consortium of Glencore and Qatar’s sovereign Fund QIA to buy privatization of 19.5% of shares of “Rosneft”, – says RBC.

the Head of “Rosneft” Igor Sechin on December 7 reported Russian President Vladimir Putin about the completion of the privatization of 19.5% stake in the company, and on December 10 the participants in the transaction reported on the signing of the agreement. The buyer was a consortium of Swiss trader Glencore and the Qatar sovereign wealth Fund (Qatar Investment Authority). The transaction amounts to 692 billion, or 10.2 billion euros. The budget will get 710,8 billion (including topdividend from Rosneftegaz 18 billion), or 10.5 billion euros. Completion of the transaction is expected in mid-December.

According to the report of Rosneft under the deal, private investors ‘ funds amounted to 2.8 billion euros. In turn, a source in “Rosneft” have specified to journalists that more than half of credit of 7 billion Euro provided by the Italian Intesa Sanpaolo along with the funding, participated in the syndicate of four or five banks.