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Glencore’s shares growing after deal on purchasing stake in Rosneft

December 08, 2016, 8:28 UTC+3 HONG KONG
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HONG KONG, December 8. /TASS/. The shares of British-Swiss trader company Glencore are growing following the announcement of its participation in the privatization of Russia’s Rosneft oil giant.

Over the first hour of morning trading at the Hong Kong Stock Exchange, Glencore’s shares grew by over three percent.

On Wednesday, Rosneft’s head Igor Sechin said at the meeting with Russian President Vladimir Putin that the deal on selling a 19.5% stake in Rosneft for 10.5 billion euro has been completed. The consortium of Glencore trader company and Qatar’s sovereign find became a strategic investor.

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