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Rosneft's stake too large for public placement

Published June 17, 2016 Updated June 17, 2016 07:07pm
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By Fawad Maqsood
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imageST PETERSBURG: The planned sale of a 19.5 percent Russian government stake in top national oil producer Rosneft might be too large for a public placement, Economy Minister Alexei Ulyukayev said on Friday.

"It will be very difficult, frankly speaking - impossible," Ulyukayev said on the sidelines of the St Petersburg International Economic Forum.

Last month, the Kremlin said Russia should look to attract two strategic investors to Rosneft.

Copyright Reuters, 2016

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