Swiss-Qatari Consortium sells stake in Rosneft to Chinese

Today it became known that 14% stake in Rosneft consortium of the Swiss trading company Glencore and the Qatar Investment Fund will take over the Chinese energy company CEFC (China Energy Company Limited). Recall that last year the Swiss-Qatari consortium acquired a stake in Rosneft worth over $ 10 billion. Now the consortium is getting rid of most of the assets in the Russian Federation, and at that moment, when oil prices jumped almost 55 dollars per barrel, along with Rosneft’s own quotations.

After the sale of the Chinese company CEFC (known as Huacinh) of the 14,16% stake in the Swiss trading company Glencore, the share remains only in the 0,5% of Rosneft shares, and in the Qatari investment fund - around 4,7%.

Igor Sechin quotes "Russia24":

Recently, volatility in financial markets has led to a serious devaluation of the dollar against the euro, and the cost of servicing this loan (the loan that the consortium took) has become quite serious. In this regard, the consortium decided to find an additional partner to ensure direct ownership of these shares without a credit load. Such a partner was the Huaxing Corporation (CEFC), which bought out a package purchased with credit funds from the consortium. The contract of sale took place. After completion of the necessary procedures, Huacinh will become the owner of approximately 14,2% of Rosneft. For us, this is a serious event that, on the whole, forms in final form the shareholder structure of the company. We are glad that this has become a Chinese corporation. We hope that this partner will provide an opportunity to obtain synergies from cooperation.

The London Stock Exchange website reports that CEFC is acquiring shares from Swiss and Qatari at a price that is about 16% higher than the average for Rosneft securities.

Comments

[oleg-gr]

Common stock trading. Cheaper to buy, more expensive to sell.

[Anarchist]

Quote: oleg-gr

Common stock trading. Cheaper to buy, more expensive to sell.

Or maybe the usual drain of stocks!
Maybe they know chegoito ...

[kenig1]

Are the Chinese stupid?

[cniza]

Rosneft did not want to sell its shares to the Chinese, but they still found a way ...

[Anarchist]

Quote: kenig1

Are the Chinese stupid?

Maybe they don’t know something. Or maybe they know more.
I assumed! Therefore, he began with the word `` Maybe. ''
Do you know more?

[DMB_95]

Rosneft is Russia's largest oil (and not only) company. Still, the Chinese would not want to put their paw on it!

[Pirogov]

Quote: DMB_95

Rosneft is Russia's largest oil (and not only) company. Still, the Chinese would not want to put their paw on it!

I couldn’t find a workaround in my forehead, I have a question, why sell shares of those companies that carry golden eggs?

[prorab_ak]

It was originally a workaround. Nobody pays much attention .... after the closure of the bench for free long-term loans from the west, our "national" the company and the second one too (which has a blue light) are actively lending to comrades from the Middle Kingdom in order to cover their losses (and they are) of ambitious projects that began to be implemented before ...
Well, sobsna, here everything falls into place

[You Vlad]

Quote: Pirogov

and why sell the shares of those companies that carry golden eggs?

Increase company capital.

[Scoun]

Quote: Pirogov

Quote: DMB_95

Rosneft is Russia's largest oil (and not only) company. Still, the Chinese would not want to put their paw on it!

I couldn’t find a workaround in my forehead, I have a question, why sell shares of those companies that carry golden eggs?

If you read carefully ....
Glencore and Qatar spent only part of their money, (the rest is money on credit) after the devaluation of the dollar against the euro, the loan began to be serviced unprofitable.
Now they are sitting on a net and without credit, and stocks today have risen in price by almost 3%.

[Cube123]

Quote: Scoun

Quote: Pirogov

Quote: DMB_95

Rosneft is Russia's largest oil (and not only) company. Still, the Chinese would not want to put their paw on it!

I couldn’t find a workaround in my forehead, I have a question, why sell shares of those companies that carry golden eggs?

If you read carefully ....
Glencore and Qatar spent only part of their money, (the rest is money on credit) after the devaluation of the dollar against the euro, the loan began to be serviced unprofitable.
Now they are sitting on a net and without credit, and stocks today have risen in price by almost 3%.

There was originally a muddy scheme. Before the sale to Glencore and Qatar, the stocks were dispersed, for the year they raised 2,25 times in dollar terms. They sold a minority stake of 15% for $ 10 billion with a tail. After that, in two months the shares fell by 25%. Those. even without taking into account credit and exchange rates, investor losses amounted to more than $ 2,5 billion. And in a circle of more than three billion dollars. Russia, on the other hand, benefited from the deal, having received this money in its budget in full. And how many screams were there that the sale of Rosneft shares was a sale of a national treasure.

[34 region]

16.39. DMB! Here's how to say it. We are now offering China to buy * Sovcomflot *. Or do the Chinese sit in our leadership? Or work for China? Here, most likely, not the Chinese want to buy, but sell our quickly. Why? I do not know.

[Tusv]

Quote: oleg-gr

Common stock trading. Cheaper to buy, more expensive to sell.

Where did you study? Buy at a lower price - sell at a higher price and buy at a lower price. Everything as bequeathed to the great Marx. But now Marx is a sucker

[starogil]

This is something that will not fall into the Russian budget, it is a primitive export of capital over a hill.

[St Petrov]

This is something that will not fall into the Russian budget, it is a primitive export of capital over a hill.

I like to read financial analysts at VO before going to bed

[You Vlad]

Quote: s-t Petrov

I like to read financial analysts at VO before going to bed

Well, make your five cents?

[St Petrov]

I am not a very specialist in finance. the obvious that lies on the surface, I understand, the rest is only katason, eyes and more

[antivirus]

for the entire unit of exchange of views --- GOING THE BORDER OF THE WORLD
SECIN fell in the batch.
ROSNEFT IS A SMALL WORLD SCALE, BUT RELATED TO THE STATE OF THE RUSSIAN FEDERATION, MAY DEFEAT ITS (HANDY) INTERESTS.
OTHERWAY, CHINA will impose a paw and all will leave for Hong Kong.
We are slowly moving away from Europe. who to lean against? to live with a mustache-no calf.
We are looking for a good (not evil) dad. To teach and feed.
The army and navy are supposedly the only allies of Russia. Well, no.
The only 100 million supporting (draft) ridge is Vanka Perdushkin.
And the people in figs on stocks (past all the privatization of the 90s GGI are "legal dividends now).
sailed or arrived --- income gap does not allow to maintain the country's economic sovereignty.
A multipolar world is forming, most likely without an RF pole.
China is the pole.
EU - too, and not our closest partner anymore
hand feeding with new technologies has ended.
There was a time-- "we’ll buy everything for money and build a new dem Russia" - SPAN.
consciousness - the mentality is transforming slowly and the direct path from the capitalization of Rosneft (and Yukos) to the civil society is not visible. ever longer and more crooked path.
Gref will talk for a long time about the digital economy, and the number of consumers is growing at the expense of Caucasians and Asia. This is a foreign mentality, not the ideal of E. Gaidar and Chubais (+ other SPS and dem choice of Russia)
SO ECONOMIC SOVEREIGNTY IS LEAKING OUT AND POSSIBLE POLITICAL (DO NOT CONFUSE WITH MILITARY PARTITION AND POWER OF THE ARMY)

[You Vlad]

Quote: s-t Petrov

I am not a very specialist in finance. the obvious that lies on the surface, I understand

Well, here everyone understands and do not hesitate to write their opinion, or not their own, but

[Partyzan]

The London Stock Exchange website reports that CEFC is acquiring shares from Swiss and Qatari at a price that is about 16% higher than the average for Rosneft securities.

the Chinese are looking to the future, the dollar is getting cheaper, and what will happen to it next - only God knows

[dzvero]

It will fall in price by 15 - 25%. China is about to launch its oil exchange, where trading will be in RMB. There is still a lotion in the possibility of "exchanging" RMB for gold.
http://www.warandpeace.ru/ru/reports/view/124129/

[Partyzan]

That's what this is about

[Herculesic]

It seems that the Qatari bankrupt, since there is not enough money to service the loan, and they are forced to sell profitable assets? ??

[sad1940]

Are they profitable? That is the question!

[irazum]

And what, China initially could not offer this package bypassing the Qatari-Swiss laying?

[Sling cutter]

Quote: irazum

And what, China initially could not offer this package bypassing the Qatari-Swiss laying?

Gee-gee, where's the bakshish?

[Mountain shooter]

Rosneft is a real asset, and the dollar is gone, almost 10% through, so what? Though in a loop - to some.

[spirit]

Yes, Sechin brought this asset to a pen, have you seen Capitalization in recent years?

[AlexSam]

Was BRICS recently held in China?
passed)
went well?
OK)
Did the GDP frown and speak in a stern voice?
spoke)
to the Chinese minister hanged a pendant on a breast?
hung up)
so everything goes according to plan?
tochnik!)

[AID.S]

Quote: AlexSam

to the Chinese minister hanged a pendant on a breast?

Another Til Air Dream?

[sad1940]

but for us is this deal good or bad? Maybe Rosneft’s business is really shitty, that's why smart guys are snapping off its shares? And what kind of animal is "synergy" and what is it eaten with?

[Bronevick]

Is it good or bad?

[16112014nk]

Good for shareholders. Shares of Rosneft on the Moscow Stock Exchange are getting more expensive.

[Simon]

Well Fools!!!

[Simon]

Quote: Bronevick

Is it good or bad?

Think prices will fall on them! I think that lost. If you didn’t have to cry

[padded jacket]

Meanwhile, oil is slowly growing apparently against the backdrop of a hurricane in the US already 54.12

[faterdom]

It would be necessary to request an expert opinion from Ulyukaev. Inexpensive.

[sir_obs]

And the Chinese will sell back to Rosneft ...

[fif21]

For lovers of foreign investment, be prepared for the fact that foreigners will also become the owners of your companies, with all the ensuing consequences.

[Megatron]

Squandering the national treasure. Another betrayal of Pula.

[Servisinzhener]

The news is nothing. It is also empty, as are the comments of the "financial analysts" here. Rosneft PAO, i.e. its shares are available for sale and can be bought by anyone, both private individuals and investment funds of all stripes. And this package of shares does not give their owner any excess powers. So you can calm down. And as for what the company has been brought to, look at capitalization and net profit is growing, and more investors are not interested in much.