Deliver Your News to the World

Rosneft Obtains Financing to Acquire from BP 50% in TNK-BP


On December 21 Rosneft signed two loan agreements with a group of international banks for the total amount of U.S. $16.8 billion to finance the acquisition of 50% stake in TNK-BP from BP.

Pursuant to these loan agreements, Rosneft obtains a 5-year loan of U.S.$ 4.1 billion and a 2-year loan of U.S.$12.7 billion from a group of international banks including Bank of America Merrill Lynch, Barclays Bank, BNP Paribas, BTMU, Citibank, Credit Agricole, ING Bank, Intesa Sanpaolo Banking Group, J.P. Morgan, Mizuho Corporate Bank, Natixis, Nordea Bank, SMBC, Societe Generale и Unicredit Bank which are acting as mandated lead arrangers and lenders.

Commenting on the agreements signed, Rosneft President and Chairman of the Management Board Igor Sechin said: ‘The Company has reached an understanding with leading international financial institutions in the domain of its strategic projects. We would like to thank our financial partners for prompt decision-making ensuring the completion of the deal unprecedented for the Russian market. We wish our partners success in the new year.’

These materials contain statements about future events and expectations that are forward-looking in nature. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements expressed or implied by such forward-looking statements to differ. We assume no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.