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Qatar trying to buy out Roseneft shares

Russian oil giant Rosneft (ROSN.MM) said on Tuesday that the Qatar Investment Authority sovereign wealth fund would pay around 3.7 billion euros ($4.23 billion) for a half of a 14.16 percent stake in the company.

The QIA would become the third-largest Rosneft shareholder as a result of the deal after the Russian government and British oil major BP (BP.L), the company added. Trader Glencore (GLEN.L) would retain a 0.6 percent stake.

Source: Reuters

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