Shares “Bashneft” have fallen by 13% after the privatization of the company transfer – RBC

Photo: Yekaterina Kuzmina / RBC

Investors sell shares “Bashneft”, after the government’s decision to postpone the privatization of the company for an indefinite period. The company’s shares fell almost 13% in early trading

Investors sell stocks “Bashneft” after the authorities’ decision to postpone the privatization of the company for an indefinite period. As of 10:22 MSK medium, ordinary shares “Bashneft” on the Moscow Stock Exchange fell by 12.8% to 2720 rubles. per share, “prefecture” – on 5,5%, to 1857 rubles. per share, according to trading data.

At the close of trading on Tuesday capitalization « Bashneft” on the Moscow Stock Exchange amounted to 521,4 billion rubles. After the opening of trading on Wednesday, the company’s capitalization at the maximum sinking to 14.31% – up to 446.97 billion rubles.

On Tuesday, sources told RBC that the government has abandoned plans to sell this year, 60% of the ordinary shares “Bashneft” (50% equity). This information was confirmed Dmitry Medvedev’s press secretary Prime Minister Natalia Timakova, noting that the privatization of “Bashneft”, “moved to a later date».

Earlier Economic Development Minister Alexei Ulyukayev said that the sale of “Bashneft” scheduled for September-October 2016. E & amp; Y commissioned by the organizer of the transaction, “VTB Capital”, has estimated the cost of the state’s share in the “Bashneft” in the 297-315 billion rubles. Applications for participation in the privatization of “Bashneft” filed “Rosneft”, Lukoil, independent oil and gas company, the fund “Energy”, Antipinsky refinery, Russian Direct Investment Fund, “Tatneft” and “Tatneftegaz».

The federal official called several reasons for the decision government. “First of all, really thinking, after receiving the applications whether or not to sell the entire company at such a low market. Secondly, there are still 19.5% of “Rosneft” and shares of other companies that can sell, “- says the source. The third reason was the letter from the head of Bashkortostan Rustem Khamitov President Vladimir Putin with a proposal to postpone the privatization, told RBC companion.

The shares “Bashneft” is rapidly becoming cheaper

Video: RBC