Mergers

S&P increases the credit rating of Rosneft

Standard & Poor's international rating agency increased the corporate credit ratings of Rosneft Plc. from BBB- with a “stable” forecast to BBB, the agency reports.
The increase is connected with the position of the management of Rosneft concerning the company’s financial policy after the purchase of BP-TNK. Besides, S&P supposes that opportune and significant support can be provided by the state and influence the company’s rating positively.

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Prokhorov sold 37.8% in Polyus Gold for $3.6 billion

Onexim Group of M. Prokhorov sold 18.5% in Polyus Gold International to Lizarazu Limited affiliated to the deputy of the Parliament Z. Mutsoyev for $1.77 billion, and 19.28% to Receza Limited to the former owner of Wimm-Bill-Dann G. Yushvayev for $1.846 billion. It means that Onexim sold 37.8% for $3.6 billion. Both businessmen act in favor of S. Kerimov owning 40.2% in Polyus Gold via Nafta Moscow. The transaction was performed in accordance with the demands of the British Panel on Takeovers and Mergers.

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