Wednesday, August 3, 2016

Shuvalov called the preliminary assessment of state-owned “Bashneft” – RBC

Photo: Yekaterina Kuzmina / RBC

Advance assessment of state-owned shares “Bashneft” (50.08%), which is planned to be privatized this year, was $ 3 billion, said first Deputy Prime Minister Igor Shuvalov. At the Moscow Stock Exchange, this package is more expensive – $ 3.77 billion

A preliminary assessment of state-owned “Bashneft” – $ 3 billion, told reporters the first Deputy Prime Minister Igor Shuvalov, who oversees privatization. « Ours was a preliminary estimate of $ 3 billion, but have to wait for an appraiser.” – He said (according to “Interfax” quote)

According to Shuvalov, on Tuesday had to submit. assessment of state-owned, with which he is not familiar, since it is a business trip to Yekaterinburg. Economic Development Ministry representative has not yet responded to a request to RBC, the press service of “VTB Capital”, the government appointed an agent in the transaction, declined to comment.

On Wednesday, the Moscow Stock Exchange (12:40 MSK) 50.08% “Bashneft” cost more – 252 640 000 000 rubles. ($ 3.77 billion). After the statement Shuvalov common shares collapsed by almost 20%, down to 2516.5 rubles. per piece, but after a few minutes, to 12:28 MSK, rose to 2,990 rubles. per share (2.1% below Tuesday’s level).

A week ago, on July 25, “VTB Capital” has finished collecting applications for participation in the privatization of “Bashneft”. About his interest in said “Rosneft”, Lukoil, independent oil and gas company owned by the ex-president of “Rosneft” Eduard Khudainatov and Antpinsky refinery (80% owned by the founder Dmitry Mazurov, another 20% – in President classmate, a prominent lawyer Nikolai Yegorov). According to “Kommersant”, the application also filed a Russian Direct Investment Fund (RDIF), “Tatneft” and fund “Energy” of the former Energy Minister Igor Yusufov.

President of “Bashneft” Alexander Corsica during the annual meeting in late June he said that a fair assessment of all of the company 500 billion rbl., or $ 7.5 billion ($ 3.76 billion or 50%).

But the president of Lukoil Vagit Alekperov did not agree with this assessment . In an interview with RBC, he said that his company is ready to buy “Bashneft”, “at a reasonable price.” “At the beginning of privatization in January,” Bashneft “has cost $ 4 billion today -. For more than $ 7 billion Such capitalization growth did not show a single company of the energy sector. That is, there is speculation in the market “, – he said. At the same time Alekperov acknowledged that the sale of a controlling stake relies premium of 10-15%. Other applicants have not yet commented on the valuation of assets.

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