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

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By Reuters
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

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%.