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Due to the new U.S. sanctions on Russia, Italian bank Intesa
Sanpaolo has hit a snag in its plans to syndicate a US$6.13 billion
(5.2 billion euro) loan it had extended to Glencore and the Qatar
Investment Authority to help them fund the acquisition of a
19.5-percent interest in Russian oil giant Rosneft, Reuters
reported on Friday, quoting four banking sources. In May, Intesa
Sanpaolo—Italy’s largest bank in terms of market
capitalization—started the process to syndicate the loan, looking
at ways to spread the risk, and launched…
Sanpaolo has hit a snag in its plans to syndicate a US$6.13 billion
(5.2 billion euro) loan it had extended to Glencore and the Qatar
Investment Authority to help them fund the acquisition of a
19.5-percent interest in Russian oil giant Rosneft, Reuters
reported on Friday, quoting four banking sources. In May, Intesa
Sanpaolo—Italy’s largest bank in terms of market
capitalization—started the process to syndicate the loan, looking
at ways to spread the risk, and launched…
Due to the new U.S. sanctions on Russia, Italian bank Intesa
Sanpaolo has hit a snag in its plans to syndicate a US$6.13 billion
(5.2 billion euro) loan it had extended to Glencore and the Qatar
Investment Authority to help them fund the acquisition of a
19.5-percent interest in Russian oil giant Rosneft, Reuters
reported on Friday, quoting four banking sources. In May, Intesa
Sanpaolo—Italy’s largest bank in terms of market
capitalization—started the process to syndicate the loan, looking
at ways to spread the risk, and launched…
Sanpaolo has hit a snag in its plans to syndicate a US$6.13 billion
(5.2 billion euro) loan it had extended to Glencore and the Qatar
Investment Authority to help them fund the acquisition of a
19.5-percent interest in Russian oil giant Rosneft, Reuters
reported on Friday, quoting four banking sources. In May, Intesa
Sanpaolo—Italy’s largest bank in terms of market
capitalization—started the process to syndicate the loan, looking
at ways to spread the risk, and launched…