Rosneft Sticking to Loan Plan: Report
Subsidiaries of Rosneft will go ahead with shareholders' meetings to approve a borrowing scheme to lend the parent company about $5.5 billion, Interfax reported Tuesday, citing an unidentified person on Rosneft's board.
The announcement flies in the face of a report that a senior Kremlin official had ordered Rosneft president Sergei Bogdanchikov to cancel shareholders' meetings intended to approve a complex scheme involving promissory notes, or veksels, from an unknown company.
"The shareholders' meetings of Rosneft units will take place on Feb. 28 and look at the question of lending to Rosneft and the sale of veksels," the board member said, Interfax reported. "There is no reason to change or cancel these meetings."
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Subsidiaries of Rosneft will go ahead with shareholders' meetings to approve a borrowing scheme to lend the parent company about $5.5 billion, Interfax reported Tuesday, citing an unidentified person on Rosneft's board.
The announcement flies in the face of a report that a senior Kremlin official had ordered Rosneft president Sergei Bogdanchikov to cancel shareholders' meetings intended to approve a complex scheme involving promissory notes, or veksels, from an unknown company.
"The shareholders' meetings of Rosneft units will take place on Feb. 28 and look at the question of lending to Rosneft and the sale of veksels," the board member said, Interfax reported. "There is no reason to change or cancel these meetings."
Read More...
posted by Mohd Amin | 5:40 AM
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