Government and Share Package

rosneft board: Purchasers of Rosneft private stake will be subject to several requirements, according to The Moscow Times. First, any share package purchased must be held for at least three years, to prevent short-term investing. The government is selling 19.5 percent of Rosneft total shares, and hopes to make at least 700 billion rubles . This is part of Russia largest privatization scheme since the 1990s, with the Russian government reluctantly selling assets during a deep economic recession. Second, investors will be required to sign a shareholder agreement that obliges them to vote in favor of any government member who applies for a seat on Rosneft board of directors. If potential investors hold debt, they must present a plan for debt consolidation. Third, an investor is required to be free of debt and with a clean record of corruption. (news.financializer.com). As reported in the news.