BASEL, 12-Sep-2018 — /EuropaWire/ — Glencore refers to the announcement on 4 May 2018 concerning the Consortium’s agreement to sell a 14.16% stake in Rosneft to a wholly owned subsidiary of QIA.
This transaction has now completed.
As a result of the transaction, the Consortium arrangements have been terminated and Glencore holds a direct equity stake in Rosneft of 0.57% and QIA holds a direct equity stake in Rosneft of 18.93%. The margin guarantees provided by Glencore have been terminated.
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