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Russia’s Rosneft acquires Shell’s 37.5% stake in German refinery PCK Schwedt

Reuters
Reuters
FILE PHOTO: The logo of Russia's oil company Rosneft is pictured at the Rosneft Vietnam office in Ho Chi Minh City

MOSCOW – Russian oil giant Rosneft has acquired Shell’s 37.5% stake in German refinery PCK Schwedt, it said on Wednesday, exercising an option to buy and taking its shareholding to 91.67%.

Italy’s Eni holds a 8.33% stake in the refinery.

(Reporting by Alexander Marrow and Maria Kiselyova; Editing by Jan Harvey)

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