The Swiss trader and the Qatari fund expected to receive $ 400 million for the termination of the transaction to acquire a 14.2% stake in Russia's largest oil company.
The “breakthrough” of Putin’s business into the open world turned out to be an interlude, as a result of which the state-owned VTB Bank acquired shares of the toxic Sechin Rosneft.
Procrediting a repo transaction during the IPO En + Group of Oleg Deripaska, VTB Bank requires the Singaporean company AnAn Group $ 170.4 million. Most likely, the bank will receive only a hole from a bagel: the Singapore company belongs to the Chinese CEFC, which did not override the stake in Rosneft and was bankrupt.
Rosneft experts are sure that the CEFC trading business will be saved and the contract for the supply of at least 50 million tons of oil to China will continue to operate.
VTB took shares of the En + Group group on the pledge of the Chinese CEFC.
Qatar investment fund QIA saves a deal to privatize the state stake in Rosneft.
The Glencore and QIA consortium announced the termination of the agreement to sell the stake in Rosneft to the Chinese CEFC.
At the end of the "multitrack" launched by the Kremlin in December 2016 to privatize the stake in Rosneft was the head of the Chinese CEFC corporation E Jianming. His company expectedly delayed the first tranche ($ 1.8 billion) of payment for a 14.16% stake in Rosneft, and the deal actually collapsed.
It's just that the Chinese company has problems with the authorities of the China and Western banks, and therefore it cuts half of its staff.
Mnogodhodovochka with the sale of shares of Rosneft has reached a dead end. The Chinese CEFC still has a week to pay 1.5 billion euros for Rosneft shares, but the Chinese company does not intend to buy these securities.
The attempt to "break through the sanctions blockade" and sell a large stake in Rosneft to respected Chinese investors has failed. CEFC Corporation postponed the deal for an indefinite period.
CEFC postponed for an indefinite period the purchase of a 14.2% stake in Igor Sechin for $ 9.1 billion. As a result, the whole "multiyear" with the sale of 19% of the shares of the state company to foreign investors indecently hovered in the air.
Its partners CEFC and ExxonMobil were faced with problems.
The completion of the transaction for the sale of 14.16% of Rosneft to the Chinese CEFC was postponed from the end of 2017 to the first half of 2018. The total volume
In the epic scheme of searching for a "serious foreign investor" for a stake in Rosneft, the state bank VTB again wedged in.
The bank issued a loan to CEFC for 5 billion euros secured by the 14.16% stake in Rosneft it buys. It remains only to wait for the Chinese to return the documents they do not need and the billion-dollar deal will be closed.
Negotiations began to sell a stake in the Russian oil company.