The block of shares will be received by Qatar Investment Authority, which will become the owner of 18.93% of Rosneft in the end.
The deal between CEFC China Energy Company Limited and Swiss trading consortium Glencore and Qatar Investment Authority (QIA), as per the results of which the Chinese company should have become the owner of 14.16% shares of Rosneft, was called off.
As Glencore reports, the consortium sent CEFC a notice of termination of the deal as per its terms.
Meanwhile, the participants of the consortium, created in December 2016 for acquiring 19.5% of Rosneft, negotiated the termination of its existence. The block of shares, which was intended for selling it to CEFC, will be received by QIA, which will become the owner of 18.93% of Rosneft in the end. The deal will come into force in May 7.
Glencore will remain with 0.57% block of shares of the Russian company. The deal with QIA will bring EUR 3.7 bln to the trader.
Rosneft and CEFC also signed the agreement on strategic cooperation and a five-year contract for oil supplies.
