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QIF Qatar

0.86
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Qatar LSE:QIF London Ordinary Share IM00B1Z40704 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.86 0.84 0.88 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Glencore, Qatar Investment Authority to Sell Rosneft Oil Stake

08/09/2017 1:59pm

Dow Jones News


Qatar Investment (LSE:QIF)
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By Rory Gallivan

 

LONDON--Glencore PLC (GLEN.LN) on Friday said its consortium with the Qatar Investment Authority has agreed to sell a 14.2% stake in Russia's Rosneft Oil Co. (ROSN.MZ) to Chinese conglomerate CEFC China Energy Company Ltd.

Following the sale, Glencore will own 0.5% of Rosneft Oil and QIA will own 4.7%, Glencore said.

Glencore said the shares in Rosneft Oil will be sold at around 16% above their average share price over the past 30 days.

Shares at 1200 GMT, down 2.2 pence, or 0.6%, at 366.3 pence valuing the company at 53.11 billion pounds ($69.43 billion).

 

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

 

(END) Dow Jones Newswires

September 08, 2017 08:44 ET (12:44 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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