INSIDE: Unraveling the Rosneft Deal with Glencore and QIA
Commodities firm Glencore plc and the Qatar Investment Authority (QIA) together ended up acquiring a 19.5% stake in Rosneft PJSC through a varied transaction of debt and equity. A large portion of the deal came through debt financing. For example, under the deal terms, Glencore is committing €300 million in equity, while the QIA is committing €2.5 billion in equity – bringing the total to €2.8 billion in equity financing.
|QHG Shares Pte||19.50%|
|(Various) – Floats on Russian Stock Exchange||10.75%|
Deal Structure of the 19.5% Acquisition of Rosneft Shares
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