New Market Study Published: Rosneft Rumored to Acquire Remaining 49% Stake in Itera for US$3 Billion - the Deal Would Further Strengthen Its Position in the Russian Natural Gas Market - Deal Analysis from GlobalData
OJSC Rosneft Oil Company (Rosneft) could acquire the remaining 49% stake in Itera Group (Itera) for a purchase consideration of US$3 billion. The transaction is expected to be completed in June or July of 2013. Earlier on July 20, 2012, Rosneft acquired a 6% stake in Itera. It subsequently, on August 6, 2012, acquired an additional 45% stake in the company, taking its total to 51%. If the rumored deal materializes, Rosneft's holding in Itera will increase from 51% to...
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