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Japanese Investors Showed Interest in Buying 19.5% Rosneft Stake - Russian PM

© Sputnik / Iliya Pitalev / Go to the mediabankA sign at the entrance to the Rosneft oil and gas company building in the Sofia Embankment in Moscow
A sign at the entrance to the Rosneft oil and gas company building in the Sofia Embankment in Moscow - Sputnik International
Russian Dmitry Medvedev said Thursday that the Japanese investors were interested in purchasing 19.5 percent stake of Russia’s energy giant Rosneft.

The Rosneft pavilion at the 2015 St. Petersburg International Economic Forum - Sputnik International
Russian Energy Minister Unaware of Potential Purchase of Rosneft Shares
MOSCOW (Sputnik) – Japanese companies were interested in purchasing 19.5 percent stake of Russia’s energy giant Rosneft, but Glencore and the Qatar fund were picked because they could finance the deal quickly, Russian Dmitry Medvedev said Thursday.

"The possibility of selling the stake to the Japanese was discussed … the Japanese and the Koreans were interested … The force of the proposal made by Glencore and the Qatar fund was that they were ready to implement the deal quickly," Medvedev told Russian television channels.

Rosneft CEO Igor Sechin informed Russian President Vladimir Putin last week that a deal had been reached to sell the government stake in the company to a consortium of Glencore and the Qatar Investment Authority for 10.5 billion euros (some $11.3 billion). Earlier in the day, Russian media reported that Japanese investors had been involved in discussions on buying a 19.5-percent share of Rosneft.

Moreover, Russia's authorities will sell large stakes in strict accordance with the law, and take into account the global situation, Russian Prime Minister Dmitry Medvedev added.

"All… decisions will be made in strict accordance with the law if there are compelling reasons," Medvedev told Russian television channels.

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