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Rosneft closes deal to buy Pirelli shares

July 11, 2014, 12:55 UTC+3 MOSCOW
Rosneft has been developing its presence in international markets of production and processing of energy resources
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© EPA/VALDRIN XHEMAJ

MOSCOW, July 11. /ITAR-TASS/. Rosneft, a leading Russian oil company, has closed a deal to purchase a 50% share in capital of Camfin S.p.A., a holding company, owning 26.19% of the Pirelli & C. S.p.A. Company, press service of the Russian oil company reports on Friday.

The Russian company has bought the share from an international consortium of Unicredit Bank, Intesa Bank and Clessidra Fund. Rosneft paid 12 euro per every share of Pirelli & C. S.p.A.

Rosneft’s CEO Igor Sechin will be now a member of Pirelli’s Board of Directors.

Rosneft has been developing its presence in international markets of production and processing of energy resources. In August 2011, the Russian company signed a strategic partnership agreement with the US ExxonMobil to develop the oil and gas deposits in the Arctic. In early May 2012, it entered a contract with Norway’s Statoil on joint development of the deposits in the Barents Sea and in the Sea of Okhotsk, as well as near Norway’s coasts. On March 21, 2013, Rosneft closed a deal to buy 100% of shares of the TNK-BP oil company.

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