Deals
Rosneft Buys Itera Stake for $2.9 Billion to Expand Gas Business
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OAO Rosneft acquired full control of OOO Itera, an independent natural gas producer and trader, buying the remaining 49 percent for $2.9 billion as the country’s biggest oil company expands.
“Gas business is one of the top priorities,” Rosneft Chief Executive Officer Igor Sechin said today in a statement. The deal will boost growth and “will ultimately increase the total capitalization.”