Replies to post #7 on Glencore Xstrata Plc (GLCNF)

[eFinanceMarkets]

Italy gives final OK to Russian oil deal financing
Italy's government gives its final approval to a €5.2B loan made in January by the Intesa SanPaolo bank to finance the privatization of a 19.5% stake in Rosneft, after checking to ensure the deal did not breach western sanctions on Russia.
The stake was bought by a consortium made up of Qatar's sovereign wealth fund and oil trading company Glencore (OTCPK:GLCNF, OTCPK:GLNCY), which together provided €2.8B and borrowed funds from Intesa to make up most of the rest of the purchase price.