November 6, 2018 / 9:30 AM / 12 days ago

Russia's Rosneft says Qatari fund to pay 3.7 billion euros for Rosneft stake

A view shows a helmet with the logo of Rosneft company in Vung Tau, Vietnam April 27, 2018. Picture taken April 27, 2018. REUTERS/Maxim Shemetov

MOSCOW (Reuters) - Russian oil giant Rosneft (ROSN.MM) said on Tuesday that the Qatar Investment Authority sovereign wealth fund would pay around 3.7 billion euros ($4.23 billion) for a half of a 14.16 percent stake in the company.

The QIA would become the third-largest Rosneft shareholder as a result of the deal after the Russian government and British oil major BP (BP.L), the company added. Trader Glencore (GLEN.L) would retain a 0.6 percent stake.

($1 = 0.8757 euros)

(This story corrects the lead to show that 3.7 billion euros to be paid for half of the 14.16 percent stake, not for the entire stake, after clarification from Rosneft)

Reporting by Vladimir Soldatkin and Olesya Astakhova; Writing by Maria Tsvetkova; Editing by Louise Heavens

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