Deals
Qatar Regains Deal Hunger With Purchases From Russia to U.K.
- Qatar Investment Authority to fund Rosneft deal with Glencore
- Sovereign wealth fund looking at Italian lender, U.K. gas firm
Russia Sells $11B Rosneft Stake to Glencore, Qatar
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It’s not just Ivan Glasenberg who’s regained his appetite for dealmaking.
Qatar, the world’s largest exporter of liquefied natural gas, is investing alongside the billionaire’s Glencore Plc in an $11 billion deal to buy 19.5 percent of Russia’s Rosneft PJSC. The Qatar Investment Authority is part of a group of investors that on Thursday agreed to take a 61 percent stake in the U.K. gas-distribution business of National Grid Plc. The sovereign wealth fund is also interested in putting money into Italian lender Banca Monte dei Paschi di Siena SpA, Il Sole 24 Ore reported.