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Russia's VTB may issue 5 bln euro loan to CEFC for Rosneft stake
October 24, 2017 / 2:28 PM / a month ago

Russia's VTB may issue 5 bln euro loan to CEFC for Rosneft stake

MOSCOW, Oct 24 (Reuters) - Russia’s VTB Bank may provide a loan of 5 billion euros ($5.88 billion) to CEFC China Energy for its purchase of a stake in Russia’s largest oil producer Rosneft, VTB CEO Andrey Kostin told reporters on Tuesday.

A banking source familiar with the talks told Reuters earlier on Tuesday that CEFC China Energy could raise around $5 billion from VTB for the Rosneft stake acquisition.

$1 = 0.8499 euros Reporting by Oksana Kobzeva; writing by Dmitry Solovyov; editing by Polina Devitt

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