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Abrdn Unable to Sell GBP5 Million Rosneft Stake, Sky News Reports

Provided by Dow Jones

Feb 28, 2022 4:22 PM UTC

--Fund manager Abrdn has decided to sell its 5 million-pound ($6.7 million) stake in Russian oil giant Rosneft Oil Co., but has been unable to amid restrictions on foreign share trades on Moscow's stock exchange, Sky News reports.

--The decision to sell its stake was made immediately after the Russian invasion of Ukraine, according to Sky News citing City sources.

Full story: https://bit.ly/3M8wZ1g

Write to Michael Susin at michael.susin@wsj.com

(END) Dow Jones Newswires

February 28, 2022 11:22 ET (16:22 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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