Russia Sells Large Rosneft Stake to Qatar SWF and Glencore
The Russian government spent considerable time, effort and resources meeting with more than 30 potential buyers from around the world with regard to its partial stake sale in oil giant Rosneft PJSC. In May 2016, Intesa Sanpaolo SpA, a major Italian bank, was hired to advise the Russian government on its 19.5% stake sale in Rosneft, while White & Case LLP was hired as the legal advisor.
Two major investors came to the table to seal the deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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