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Glencore says may raise stake in Rosneft in future

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Glencore says may raise stake in Rosneft in future

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VERONA (Reuters) – Commodities trader Glencore <GLEN.L> may raise its share in Russian oil major Rosneft <ROSN.MM> in the future, Glencore CEO Ivan Glasenberg said on Thursday, adding that he saw the stake in Russia’s largest oil producer as a long-term investment. Glencore will retain the 0.5 percent stake in Rosneft after Chinese conglomerate CEFC buys a 14.16 percent stake in the company from a consortium of Glencore and the Qatar Investment Authority.

(Reporting by Oksana Kobzeva, writing by Denis Pinchuk, editing by Dmitry Solovyov)
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