Rosneft conducts dialogues about the increase of the stake in Italian Saras
Ogromneishee Russian oil Firm Rosneft conducts dialogues about the acquisition of a significant stake in the Italian refining organization Saras, the head of the Board of Directors of Banca Intesa " (Russian " daughter " of the Italian banking group Intesa Sanpaolo) Antonio Fallico. According to him, Intesa ready to participate in the financing of this contract.
Rosneft and Intesa are longtime partners, for example both are major shareholders of the Italian manufacturer Pirelli tires, said Fallico." We, of course, are ready to support investments of " Rosneft " in Italy, " he said on the sidelines of the 3rd Eurasian forum in Italian Verona.
" Rosneft relations not only with Pirelli, they already have a 20% stake in Saras. Know that there is Now a dialogue about buying another significant stake in Saras, and again We are ready to Express their support, " added Dr. Fallico.
currently, Rosneft owns 20, 99% of the shares of the Italian organization, which is one of the leaders of the oil sector in the European Union and has one of the largest oil refinery in Sardinia with a capacity of 300 thousand barrels per day (about 15% of all Italian refining capacity).
in Saras in response to a request Last news on possible contract has advised to address in Rosneft. Comment last as long as get failed.
Rosneft and Saras in June last year signed an agreement to establish a parity basis by the joint venture for trading oil and oil products. However, in the last month of summer, it was announced that Saras has postponed plans to establish a joint venture due to the deterioration of relations between the West and Russia.
The European Union and the United States imposed sanctions against Russian organizations because of the situation in Ukraine." Rosneft " came under sectoral punishment, including limits on the supply of equipment and provision of services, the organization was limited access to the capital markets of the EU and the US, and its head Igor Sechin was included in the personal U.S. sanctions list.
Russian News
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