Intesa Sanpaolo Moves to Syndicate Rosfnet Stake Acquisition Loan

Posted on 05/26/2017


Italian bank Intesa Sanpaolo initiated moves to syndicate a loan it provided to Glencore and Qatar Holding, a SWE of the Qatar Investment Authority (QIA), regarding their acquisition of a 19.5% stake in Rosneft. Intesa Sanpaolo lent ‎€5.2 billion to Glencore and QIA in late 2016. The bank is trying to find other lenders/investors to […]