Dec 8 Italian bank Intesa Sanpaolo is expected to provide the bulk of non-recourse funds to commodities trader Glencore to help it finance the purchase of a stake in〜 Rosneft, two sources〜 Glencore said it would finance part of the deal by putting up 300 million euros of its own equity,
12.12 CEO of Intesa SanPaolo in Russia, Antonio Fallico, has been a close friend to Berlusconi〜in 2004,Berlusconi called Fallico“his trustee in relations withPutin”. n 2008 Fallico was awarded the Order of Friendship by Putin himself, and has since been known as “Putin’s man in Italy.”
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Intesa to provide bulk of funds to Glencore for Rosneft deal - sources
The Rosneft Sale and Putin's Retirement Plan - The American Interest
