WSJ: Rosneft, Morgan Stanley submit deal for U.S. security review

Rosneft (RNFTF) has submitted a deal to buy a Morgan Stanley (MS) oil trading unit to the confidential U.S. committee that weighs national security risks, WSJ reports, in a deal likely to face close scrutiny with Rosneft CEO Igor Sechin part of a U.S. sanctions list following the turmoil in Ukraine.

Since a foreign government controls Rosneft, U.S. law directs the CFIUS committee to scrutinize the case at length, and top U.S. officials likely will take into account broader Russian economic and security factors that go beyond the specific risks of the business being sold.

A CFIUS decision is likely to come 75 days after the filing, which means the deal could close in Q3.

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