QIA May Sell Shares of Rosneft to Originally Interested Parties

Posted on 12/26/2016


The Russian government’s 19.5% stake sale in Rosneft drew the interest of global institutional investors. However, the Russian government was keen on closing the deal fast to meet the deadline regarding the country’s governmental budget. This is part of the reason Glencore and the Qatar Investment Authority (QIA) ended up being the buyers on the deal. Now that the Rosneft deal is finalized, the QIA is reaching out to the same interested parties earlier, looking to farm some of its newly-acquired Glencore shares. One interested party appears to be Mubadala Development Company, which has oil interests globally. Other interested parties during the Rosneft sale include other sovereign funds, Korean institutional investors, Japanese institutional investors, and other large public funds.

In addition, the U.S. election resulting in a win for Donald Trump could signal an ease in Russian sanctions which would be a boon for Rosneft.

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