- Barrons.com•1 hour ago
The Russian government sold a roughly 20% chunk of oil-producer Rosneft valued at $11 billion to Glencore and the Qatar Investment Authority. The stake in Rosneft (ROSN.United Kingdom and OJSCY) boosted Rosneft shares 12% in dollar terms on the Moscow Exchange Thursday, and the stock rose more than 7% in London trading. Lukoil (LUKOY) shares were higher by more than 2% in recent trading. Earlier this year, there had been some speculation that China or Russia could be interested in a Rosneft investment.
- Reuters•1 hour ago
LONDON/MOSCOW, Dec 8 (Reuters) - Italian bank Intesa Sanpaolo is expected to provide a consortium of Qatar and commodities trader Glencore with sizeable funds to help finance their purchase of a stake in Russian oil company Rosneft, two sources familiar with the transaction said. Intesa declined to say whether it was helping finance the deal, announced by the Kremlin, which said on Wednesday it had sold a 19.5 percent government stake in Rosneft for 10.5 billion euros ($11.3 billion) to Qatar's sovereign wealth fund and Glencore. The bank, Italy's biggest retail lender, has deep ties in Russia and advised state-owned Rosneft on the sale of the 19.5 percent stake.
- The Wall Street Journal•1 hour ago
Glencore’s move to take a stake in Russian oil producer Rosneft appears to be a victory for the Swiss commodity trader in a market it once dominated.
GLEN.L : Summary for GLENCORE PLC ORD USD0.01 - Yahoo Finance
Glencore Plc (GLEN.L)
LSE - LSE Delayed Price. Currency in GBp
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|Bid||290.00 x 1586300|
|Ask||305.00 x 294500|
|Day's Range||294.64 - 307.96|
|52 Week Range||69.26 - 307.96|
|PE Ratio (TTM)||-906.14|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|