Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Rosneftegaz to Spend $4 Billion on State Units, Vedomosti Says

May 30 (Bloomberg) -- State-owned Rosneftegaz may spend as much as 130 billion rubles ($4 billion) to buy new shares of Russia’s state companies in the energy sector, Vedomosti reported today, citing government officials it didn’t name.

The deal is proposed as a part of Russia’s privatization plan approved by the President Vladimir Putin May 22, the newspaper said. It is not clear yet in which state companies Rosneftegaz may invest, Vedomosti said.

Rosneftegaz already holds stakes in OAO Gazprom and OAO Rosneft.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.