Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Glencore    GLEN   JE00B4T3BW64

GLENCORE (GLEN)
Mes dernières consult.
Most popular
Report
Delayed Quote. Delayed  - 01/19 05:35:16 pm
407.15 GBp   -0.02%
06:33p ADM pursues big ag merger with grain trader Bunge
06:33p ADM pursues big ag merger with grain trader Bunge
06:32p ADM pursues big ag merger with grain trader Bunge - source
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Glencore : Qatar Investment Authority to Sell Rosneft Oil Stake

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/11/2017 | 02:26pm CET

But Glencore and QIA have now made a decision to sell a 14.16% stake in the Russia-controlled firm to CEFC China Energy at a 16% premium to the 30-day volume weighted average, which should ensure that they net a small profit on their original investment.

Glencore PLC and Qatar have agreed to sell the bulk of their almost 20% stake in Russian oil giant PAO Rosneft to a Chinese energy company in a deal worth about $9 billion. A CEFC spokesman said the company would pay $9.1 billion.

The deal comes as the United States imposes a new round of economic sanctions on Russian Federation against its annexation of Crimea and an incursion into east Ukraine in 2014.

After the sale, Glencore confirmed it would hold 0.5% of Rosneft while the Qataris would have a 4.7% stake.

As a result of a series of oil deals, Russian Federation now tops the list of China`s oil suppliers, surpassing even its biggest rival Saudi Arabia in the Chinese market, according to the International Energy Agency.

The December acquisition of a stake in Rosneft by QIA and Glencore was billed by the Kremlin as the privatisation of the Russian oil giant, at the time.

Rosneft is run by Igor Sechin, a close ally or President Vladimir Putin, who awarded special state decorations to the head of Glencore Ivan Glasenberg for executing the transaction. The complex deal involved more than 7 billion in debt from backers that were never fully disclosed. Intesa said its loan would be fully repaid with proceeds from the sale. Final negotiations and regulatory approvals are needed before the exchange goes through, however.

Sechin told reporters CEFC would get access to Rosneft`s oil fields and petrochemical projects in East Siberia to guarantee bigger synergies.

(c) 2017 Saudi Research and Publishing Co. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GLENCORE
06:33p ADM pursues big ag merger with grain trader Bunge
06:33p ADM pursues big ag merger with grain trader Bunge
06:32p ADM pursues big ag merger with grain trader Bunge - source
08:48a ADM in Takeover Move on Bunge -- WSJ
01/19 EXCLUSIVE : U.S. puts HNA deals on ice until it gets ownership info - source
01/18 GLENCORE : LiCo Energy Metals Intersects 8.42% Co over 0.30 metres on the Glenco..
01/17 U.S. APPROVAL TO CLOSE GLENCORE'S HN : sources
01/17 GLENCORE : Cameroon Sells 50% of Bolongo Block Stake to Perenco Cameroon -SNH
01/16 GLENCORE : Battery minerals catch miner interest
01/16 Energy, mining stocks drag FTSE lower
More news
News from SeekingAlpha
01/19 WSJ : ADM makes takeover approach to Bunge
01/19 3 Well-Valued Cobalt Miners To Buy Right Now
01/19 Glencore - 2020 Production Growth Will Support Growing Income
01/17 TREVALI MINING : Set To Bring More Gains
01/17 REUTERS : Glencore sees U.S. approval for HNA deal by June
Financials ($)
Sales 2017 209 B
EBIT 2017 8 559 M
Net income 2017 5 585 M
Debt 2017 22 471 M
Yield 2017 1,98%
P/E ratio 2017 15,56
P/E ratio 2018 13,36
EV / Sales 2017 0,50x
EV / Sales 2018 0,47x
Capitalization 81 413 M
Chart GLENCORE
Duration : Period :
Glencore Technical Analysis Chart | GLEN | JE00B4T3BW64 | 4-Traders
Technical analysis trends GLENCORE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 5,83 $
Spread / Average Target 3,4%
EPS Revisions
Managers
NameTitle
Ivan Glasenberg Chief Executive Officer & Executive Director
Anthony Bryan Hayward Non-Executive Chairman
Steven F. Kalmin Chief Financial Officer
Peter Roland Coates Non-Executive Director
Leonhard Heinrich Fischer Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
GLENCORE4.42%81 413
CHINA SHENHUA ENERGY COMPANY LIMITED1.51%72 076
COAL INDIA8.25%27 623
SHAANXI COAL INDUSTRY CO LTD11.15%14 409
CHINA COAL ENERGY COMPANY7.34%10 838
YANZHOU COAL MINING CO LTD11.43%10 695