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Rosneft may consider privatisation deal at Wednesday board meeting-sources

Reuters - UK Focus

MOSCOW, Dec (Shanghai: 600875.SS - news) 5 (Reuters) - Russian oil major Rosneft could consider a privatisation deal at a board meeting on Wednesday, a person close to the board and a second person in the banking industry told Reuters on Monday.

Under a government decree, the sale of a 19.5 percent state stake in Rosneft is to be finalised by Dec. 5, with the state budget receiving the funds by end-2016. The decree did not stipulate a buyer, but Rosneft is widely expected to buy the stake itself.

(Reporting by Darya Korsunskaya and Elena Fabrichnaya; Writing by Jack Stubbs; Editing by Adrian Croft)