Big investment: An oil derrick stands near the Russkoye heavy crude oil field, operated by Rosneft PJSC, in the Yamalo-Nenets region of East Siberia, near Novy Urengoy, in Russia, on Thursday. Qatar, the world’s largest exporter of liquefied natural gas, is investing alongside Glencore Plc in an US11bil deal to buy 19.5 of Rosneft PJSC. – Bloomberg
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 US$11bil deal to buy 19.5% of Russia’s Rosneft PJSC. The Qatar Investment Authority is part of a group of investors that on Thursday agreed to take a 61% stake in the UK 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.
