Saturday, October 1, 2016

Kudrin: the Sale of “Rosneft” and “Bashneft” have to post at least six months, the economic news Agency PRIME

MOSCOW, 1 Oct – PRIME. Transaction for the privatization of “Bashneft”BANE and “Rosneft” should be separated in time by at least six months, says ex-Finance Minister, head of the Foundation Council of TSSR Alexei Kudrin.

Russian Finance Minister Anton Siluanov on Friday said that the Ministry of Finance provides the budget for the current year, revenues from privatization, and Rosneft ROSNand “Bashneft”. First Deputy Prime Minister Igor Shuvalov announced on the eve that the government immediately begin preparing the sale of 50.08% of “Bashneft” and 19.5% of “Rosneft” .

“it is Possible to carry out the privatization of “Rosneft” and “Bashneft”, although they need to carry on time. For a good six months have to pass the most minimal,” Kudrin said in an interview with RIA Novosti.

According to him, is not so important whether this will be a public sale or sale to a strategic investor, these transactions will in any case provide each other influence.

“as far As I know, there are several proposals for the purchase of “Bashneft”, and anyone who will participate, will still affect the sale of “Rosneft”, – he added.

the Government had planned in September-October of the current year to sell the state-owned 50.08% of shares of “Bashneft”, which was valued at 297-315 billion rubles. Then it was decided to postpone this transaction until the package privatize 19.5% of Rosneft shares. On Friday, Shuvalov said that the government had decided to resume the privatization of “Bashneft”.

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