Rosneft to Take Over Itera

People ♦ Published: May 28, 2013; 17:39 ♦ (Vindobona)

According to a newspaper report, Rosneft intends to take over Russia’s second biggest gas supplier Itera for around € 2.3bn.

Rosneft to Take Over Itera / Picture: © Rosneft

Russian oil producer Rosneft wants, according to a newspaper article, to take over gas company Itera in exchange for around € 2.3bn and hence break the export monopole of competing company Gazprom. State-controlled Rosneft already holds a 51-percent stake in the country’s second biggest gas producer. The board of directors confirmed to newspaper “Kommersant” on Tuesday that it…