Report: Russia could privatize Rosneft stake this year

Russia could privatize a 19.5% stake in oil producer Rosneft (RNFTF) this year or in 2015, at least a year earlier than planned, Reuters reports in citing a Russian newspaper quoting government sources.

A 19.5% stake would be worth 469.1B rubles ($13.5B) at current market values.

The state owns 69.5% of Rosneft, and eventually plans to reduce its shareholding to 50% plus one share.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs