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Rosneft calls off purchase of Morgan Stanley's oil trading arm
2014-12-22 19:11:40| Oil & Gas - Topix.net
Sources told Reuters in September that Rosneft might abandon the Morgan Stanley deal because sanctions had hurt its ability to finance the operations. The fall in its share price and the ruble's collapse have left Rosneft with a market capitalization of $31 billion, against $45 billion of debt that was mainly incurred with last year's purchase of oil producer TNK-BP.
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Category:Energy and Environment
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