Date: 6 months ago   Category: Energy

Rosneft will provide to UBS bank of a guarantee for 128,6 billion rubles — Rambler News Service


Rosneft will provide to UBS bank as to the independent agent on implementation of the program of share repurchase of stocks of the company (buyback), a guarantee for 128,6 billion rubles, it is said in the statement of Rosneft. "To determine the price and to agree to commission of the following transaction... on granting Rosneft of a guarantee on compensation of UBS Limited and all other persons entering into the UBS group, any expenses in all direct claims, obligations, losses, damage (including everything reasonably the incurred expenses and costs) which have arisen in connection with obligations of RN-Capital within implementation of the program of acquisition of stocks of Rosneft in the open market during the period from the third quarter 2018 on the fourth quarter 2020. Total amount of the transaction won't exceed 128,6 billion rubles", - the oil company notes. Earlier Rosneft has reported that it appointed UBS bank the independent agent on implementation of the buyback program.

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