Current GLEN:LN Stock Info

Rosneft sale relieves budget pressures
Russia has sold a 19.5% stake in Rosneft, the world’s largest-listed oil company and a state-controlled asset, for €10.5 billion ($11.3 billion) President Vladimir Putin announced on television with Rosneft CEO Igor Sechin. The stake was sold to a consortium made up of Swiss mining company and commodity trader Glencore (ticker: GLEN) and Qatar Investment Authority, itself Glencore’s largest shareholder.

The Russian government will retain a controlling stake in the company, which is also partly owned by...

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