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Public Joint Stock Company Rosneft Oil Company (RNFTF)

Other OTC - Other OTC Delayed price. Currency in USD
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4.08000.0000 (0.00%)
At close: 10:52AM EST
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  • Reuters

    Russian carmaker Sollers to buy out Mazda's stake in Vladivostok plant

    MOSCOW (Reuters) -Russian carmaker Sollers will buy out Japanese auto maker Mazda's 50% stake in their joint venture car assembly plant in Vladivostok, Sollers said on Thursday. In a results statement on Thursday, Mazda said the deal would be worth one euro, bring it the right to buy the asset back for the same amount within three years. Mazda, which took 1.8% of the Russian car market last year, said in March it would stop supplying parts to the plant and production would eventually cease, as it joined some Western manufacturers leaving Russia over its actions in Ukraine.

  • Reuters

    Rosneft says BP should return to Russia, promises dividend

    Russian energy giant Rosneft said on Tuesday that international major BP should rethink its decision to leave Russia and return to its operations in the country, promising more dividend pay-outs. Rosneft's Chief Executive Officer Igor Sechin said last week that BP is entitled to $700 million in second-half 2021 dividends, which Rosneft transferred into special "C" accounts in Russia, while BP remained Rosneft's "shadow" shareholder. Many Western companies, including oil majors, have left Russia since Moscow sent its armed forces into Ukraine on Feb. 24.

  • Reuters

    Ford to exit Russia after joint venture stake sale

    (Reuters) -Ford Motor Co said on Wednesday it would exit Russia, the latest automaker to leave in the aftermath of Russia's invasion of Ukraine. Mercedes-Benz also on Wednesday said it would withdraw from the Russian market and sell shares in its industrial and financial services subsidiaries to a local investor. Ford said it has finalized a deal to sell its 49% stake in the Russia-based Sollers Ford joint venture for a "nominal" undisclosed price.