Rosneft is going to close the transaction for NADL shares purchase before the end of 2014

Rosneft is going to close the transaction for the purchase of 30% of North Atlantic Drilling Ltd (NADL) shares before the end of 2014, the chief of Rosneft I. Sechin claims. They do not have any threats to the closure of the transaction.

On August 22nd, Rosneft, Seadrill Limited and NADL signed the framework agreement presupposing the purchase of NADL shares by Rosneft in via an assets exchange and investment to its authorized capital. The document presupposes purchase of 30% in NADL by Rosneft from Seadrill Limited via assets exchange and investment to its authorized capital. Besides from that, the transaction terms presuppose possible enlargement of Rosneft’s share in the capital of NADL during the development of cooperation.