Swiss commodities trader Glencore announced the closing of the purchase transaction, together with the Qatari investment Fund Qatar Investment Authority (QIA) package 19.5% stake in Rosneft.
As RBC, has achieved a final closing of the transaction described in the message of December 10, 2016. In this message it was said that QIA had agreed about parity participation in the consortium that bought the shares “Rosneft”. Glencore did not give details about how it was financed.
Recall that the agreement on the sale of “Rosneftegaz” 19.5% stake in Rosneft and Glencore QIA was concluded on 7 December 2016. The amount of the transaction amounted to €10.2 billion (692 billion at the exchange rate on 6 December).
Later, Glencore announced that it will pay from its funds only €300 million, €2.5 billion will make QIA, and the remainder of the transaction will be financed at the expense of the pool of banks (including Russian) led by Italy’s Intesa Sanpaolo.
on December 16 CEO of “Rosneft” Igor Sechin reported to Russian President Vladimir Putin that all funds from the sale of 19.5% of Rosneft shares are listed in the Federal budget.
However, on 20 December, the Intesa Sanpaolo Bank announced that money to a consortium of buyers of Rosneft did not give and potential participation in financing the purchase of a 19.5% stake in the company “still being assessed”. The press service of Glencore refused to comment on the RBC question about where the consortium took the money to pay for the Rosneft shares.
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