Rosneft to borrow 250 billion rubles at interest from its subsidiary
Edited by Rhod Mackenzie / 2014-07-03 01:15:41
Rosneft’s shareholders have decided to approve attraction of an interest bearing loan from its subsidiary RN Holding in the amount of up to 250 billion rubles for a five-year period.
This information is contained in the company’s report on results of the annual shareholders meeting, which took place in Khabarovsk on June 27th. Taking into account the accrued interest the amount of the transaction will reach 337.5 billion rubles.
