The CEFC will pay $9.1 billion over 14.2% of shares of “Rosneft”

TASS, 8 Sep. The Chinese company CEFC will pay for the purchase of 14,16% of shares of “Rosneft” of $9.1 billion, reports Reuters with reference to the representative of the Chinese energy company.

Informed trader Glencore announced that a consortium of Qatari Fund QIA and Glencore sell 14,16% of shares of “Rosneft” China CEFC energy company with a premium of 16% to the market.

On the background of the sale of shares of “Rosneft” shares in Russian companies at the auctions of the Moscow stock exchange rose 3.8% to 317,75 rubles per share.

According to the head of “Rosneft” Igor Sechin, the decision to sell the stake was taken after there was a serious devaluation of the dollar against the Euro. “14.2% of stake was acquired on credit resources provided by the European Bank, – he explained. – The cost of servicing this loan has become quite serious.”

The head of Rosneft noted that the company welcomed a new shareholder in the Chinese company. “For us this is a serious event, which generally forms the final shareholding structure of our company”, – he said.

In an Italian Bank Intesa Reuters noted that the loan in the amount of €5.2 billion, issued by a consortium of Glencore and sovereign wealth Fund Qatar Investment Autority (QIA) for the purchase of 19.5% of “Rosneft” as a result of the deal with China CEFC will be fully refunded to the Bank. “After the sale 14,16% of shares of “Rosneft”, which belonged to the consortium Glencore-QIA, funding Intesa in the amount of €5.2 billion will be fully refunded,” – said the Agency representative of the Bank.