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Oil giant Rosneft state shares may be sold at $8.12 a piece — CEO

October 23, 2014, 15:33 UTC+3

However, the dates of privatization are still unknown

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VERONA, October 23. /TASS/. The price of Russian oil major Rosneft’s stock will equal $8.12 per share during its privatization, Rosneft CEO Igor Sechin said on Thursday.

“The shares will cost as much as what other shareholders paid for them in reference transactions - $8.12. We’ll not limit the ceiling,” Sechin said at the third Eurasia forum in Verona.

When asked about whether Rosneft’s stock would be sold to a strategic investor or through secondary public offering, Sechin said “it is early to speak about the technique of selling the package.”

The Rosneft head said he could not say anything so far about the dates of privatization as this does not depend on the company.

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