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Rosneft to Take Over Itera

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…

This article includes a total of 234 words.

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