UPDATE 1-Russia's Sberbank in talks over TNK-BP takeover finance
FRANKFURT Nov 22 (Reuters) - Sberbank, Russia's biggest bank, is in discussions over financing a takeover of oil company TNK-BP by state-controlled Rosneft, the lender's Chief Executive German Gref said.
Banking sources last week said that Rosneft was receiving banks' initial commitments to a $32.5 billion loan to back its $55 billion acquisition of TNK-BP.
"We are in consultations with Rosneft and if they have such a need we can discuss it (financing). But we don't have any specific plans at the moment," Gref told journalists on Thursday.
Rosneft is set to become the world's top listed crude oil producer after it pulls off the biggest deal in Russia's corporate history by snapping up TNK-BP, the No.3 domestic crude producer.
- Flights delayed as air pollution hits record in Shanghai
- White House reverses, says Obama met uncle and lived with him during law school
- South Africa mourns Mandela, will bury him on December 15 |
- French launch Central African Republic mission but deaths mount
- Supreme Court to decide on patent protections for software