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Date: 6 months ago   Category: Companies

UBS will help Rosneft with share repurchase of stocks


The buyback program will begin this year. Attraction of one of the leading international financial institutions will provide high standards of transparency, have reported in Rosneft of the Photo: depositphotos.com Rosneft appointed the Swiss bank UBS the agent on the program of share repurchase of stocks (buyback). She will begin this year, the repayment sum — to 128,5 billion rubles. The agent bank within the program will conduct operations in the open market on behalf of the company. Why UBS, the senior analyst of BKS Sergey Suverov:sergey Suverov the chief of the analytical department UK "Saving BKS" "Explains the choice of UBS seems to me not casual. It is bank which wins first place in Europe on stock trade, on trading by actions. Besides, UBS is present at Russia since 1996. At last, UBS has long-term relationship with Rosneft, they in common realize a number of projects. Therefore it seems to me that UBS really will help to advance share repurchase of stocks towards efficiency and it will promote the further growth of capitalization of Rosneft. Attraction of one of the leading international financial institutions will provide high standards of transparency of the buyback program, have reported in Rosneft. To add BFM.ru to your sources of news?

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