Absorption of the year. Rosneft closed the deal to purchase shares in Bashneft Oil.Expert

Rosneft has officially closed the deal on sale of state block of shares in Bashneft.

Corporate event to purchase shares in Bashneft was completed October 12, 2016, As officially reported by Rosneft, the company operated under the orders of the government of the Russian Federation of 10 October 2016 signed by D. Medvedev. The Board of Directors of the company unanimously approved the participation of Rosneft in the capital of Bashneft. And based on the decision of the Board of Directors Igor Sechin signed the agreement of purchase and sale 88 951 379 (50,0755% of the share capital) of the shares of Bashneft at a price 329,69 billion.

12 Oct 2016 Rosneft has fully complied with its obligations under the contract of purchase and sale, listing 329,69 billion rubles at the expense of the Federal Treasury. The acquisition of a controlling stake in the company is completed.

As noted in Rosneft after Putin’s statement about the synergies of the acquisition and publishing of orders of the government of the Russian Federation the Rosneft shares grew by 7.5% with the increase in the capitalization of the company at 260 billion rubles.

Thus, successfully completed the 1st phase of an integrated transaction for the sale of state oil and gas assets included in the privatization program for 2016, which allows you to maximize the revenues of the state budget.

the High rating of the transaction the investment community is connected not only with the release of the combined company to new regions of production and supply of oil and oil products, increase the production of liquid hydrocarbons of Rosneft by 10% and the volume of oil refining by 20%, but with significant synergy potential from optimization of mutual supplies of oil, transport and logistics costs, reduce the cost of drilling services, sharing of infrastructure, mining assets, modern technologies and know-how.

the integration of the Bashneft assets in the operational perimeter of Rosneft will be carried out in strict accordance with the current legislation of the Russian Federation.

As stated Alexei Ulyukayev, Rosneft really have listed above the designated amount to the account of the Federal Treasury, thus closing the acquisition of state shares.
According to him, in the process of preparation of the transaction was received 2 binding offers from potential buyers of the shares, however, the proposal of Rosneft turned out to be the best.

so, quickly and without unnecessary pathos ended the privatization of Bashneft, which may be included in the annals of history. But the question that interests many — where in such a short time Rosneft was able to find almost 330 billion?

However, such a scheme Rosneft was already done in the absorption of TNK-BP. Then Rosneft has received a lot of credit in the PM at the expense of future oil supplies. At what price were sold this oil, Rosneft then announced.

meanwhile, today, October 13, 2016 — an important day for both companies. In Bashneft on October 13, 2016 will be a meeting of the Board of Directors, which will consider a number of issues, including on early termination of powers of A. Corsica and changing government.

it is Expected that the agenda will be the issue of the change of the company’s Board.
Rosneft has prepared and announced its candidates:

— Vice-President, legal support of business, Rosneft N. Minchev;
— Director, personnel Department, Rosneft A. Sudakov;
— Vice President and chief geologist at Rosneft A. Laziev;
— 1st Deputy head of trading oil and oil products to Rosneft. D. Dives.
— Director of consolidated planning and reporting Rosneft R. Lett;
— S. Lobachev.

as head of Bashneft, as already known, will put a Shishkin, who is currently Vice-President of Rosneft.

Rejoice in the government rejoice in Rosneft, only in Bashkortostan is likely mourning. Rustem Khamitov was very reluctant to part with their of state-owned shares and hoped that the company after privatization will continue to participate actively in socio-economic life of the region.

well, a change of leadership entails a change of direction of the company. Dividends of course will remain, but the question is — whether, in fact, converted the company to allocate money at a yard sport, participate in programs on capital repairs of houses and so forth? The question is rhetorical and that it now concerned Rustem Khamitov.

Neftegaz.ru