Date: 10 months ago   Category: Energy

Rosneft appointed UBS bank the independent agent on implementation of the buyback — Rambler News Service program


Rosneft appointed UBS bank the independent agent on implementation of the program of acquisition of stocks of the company (buyback), it is said in the statement of Rosneft. "According to the made decision of the board of directors on approval of the program of acquisition of stocks of Rosneft in the open market the company appointed UBS bank as the independent agent who within the program will carry out operations in the open market on behalf of Rosneft" — it is said in the statement. As the company notes, attraction as the agent of one of the leading international financial institutions "will provide high standards of transparency of the program, its strict compliance to the parameters approved by the board of directors and also to other applicable legislative and regulatory rules". UBS is the global financial organization with head offices in Zurich and Basel, Switzerland. The UBS bank is the leader in stock trade, occupying, according to Extel, the first place on trade in stocks of the European companies for the last years.

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