Support The Moscow Times!

Sechin Says Rosneft Shares at Stake Sale Would Be Worth $8.12

Rosneft Chief Executive Igor Sechin

Russia's Rosneft Chief Executive Igor Sechin said he sees share price at no less than $8.12 per share at possible stake sale by the state, news agencies reported on Thursday.

"The shares will be worth as much as other shareholders had paid for them during similar deals — $8.12 (per share)," TASS agency quoted Sechin as saying.

Rosneft shares traded at 224.3 rubles ($5.4 dollars) on Thursday. The Russian government owns 69.5 percent in Rosneft and had planned to cut its stake by 19.5 percent.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more