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Russia's VTB may provide loans to Qatari fund for Rosneft shares purchase

Russia’s second-biggest lender VTB may provide loans to Qatar’s sovereign fund QIA for purchases of Rosneft shares as part of the transaction with Swiss trader Glencore, Chief Executive Officer Andrey Kostin said. "We are always ready to provide loans," he said when asked about the possibility to provide loans. The bank was ready to extend a 5 bln euro loan to China’s CEFC, which planned to acquire a 14.16% stake in Rosneft from a consortium of QIA and Glencore. However, on May...

Modified: 10.05.2018
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