Rosneft's purchase of Shell's Schwedt refinery stake under review - EconMin

Germany puts Rosneft's purchase of Schwedt refinery stake under review
Germany puts Rosneft's purchase of Schwedt refinery stake under review Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Share this articleComments
Share this articleClose Button

FRANKFURT - The planned purchase of a 37.5% stake in the eastern German refinery PCK Schwedt by Russia's Rosneft, which bought the share from Shell last November, is under review, a ministry spokesperson said in response to an enquiry on Monday.

"Concerning the takeover of additional shares in the PCK (Schwedt) refinery by Rosneft, an investment review process has been launched," the spokesperson said in a written statement.

The move would raise Rosneft's stake in the infrastructure asset to 91.67%.

Share this articleComments

You might also like

US expected to provide €5.5 billion to fund weapons for Ukraine

50 years after Portugal's dictatorship, the far-right is seducing the country's youth

War in Gaza: 18 countries urge Hamas to free hostages as Israeli strikes hit Rafah