Rosneft May Consider Privatisation Deal

Russian oil major Rosneft could consider a privatisation deal at a board meeting on Wednesday, a person close to the board and a second person in the banking industry told Reuters on Monday.

 

Under a government decree, the sale of a 19.5 percent state stake in Rosneft is to be finalised by Dec. 5, with the state budget receiving the funds by end-2016. The decree did not stipulate a buyer, but Rosneft is widely expected to buy the stake itself.