PETALING JAYA: Petroliam Nasional Bhd (Petronas) has made a firm offer to take up a stake in Russian oil company Rosneft’s initial public offering (IPO), according to the Financial Times (FT).
The FT reported on Saturday that a senior source close to the sale process said Petronas was awaiting confirmation from Rosneft on what stake it would be permitted to buy, with a decision expected this week.
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