Glencore says to inject only small equity into Rosneft deal
Glencore said on Wednesday it would enter a new deal to buy oil from Rosneft as part of a broader move by the Russian government to sell a stake in its major oil firm with Glencore injecting limited equity into the transaction. The Swiss-based firm confirmed it was in final-stage negotiations to buy, as part of a consortium with the Qatar Investment Authority, a 19.5 percent stake in Rosneft for 10.2 billion euros. It said that under the proposed arrangements, Glencore would commit 300 million e
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