the Government is considering two options for privatization of “Bashneft”, one of which involves a sale of the company to Rosneft without bidding, according to “Kommersant”
According to the newspaper’s source in the Cabinet of Ministers discussed two options for the privatization of the state stake in Bashneft. The first assumes that the investment consultant “VTB Capital” within one week interviewing applicants for the package and find out how much they are willing to pay for it. According to the second embodiment of the auction will not, and “Bashneft” buy “Rosneft” approximately 325 billion.
According to interlocutors of the edition, the majority of applicants on “Bashneft” seriously not accepted and the only company that besides “Rosneft” is able to pay 325 billion rubles, LUKOIL. However, its management believes that price is too high. Vagit Alekperov at the end of last week, said that the assessment of a controlling stake in 316 billion. considers no longer relevant because of the planned tax exemptions to the industry.
the Publication indicates that if the scheme for acquisition of Bashneft by Rosneft will work, then the cost of the latter is expected to grow due to new assets. As pointed out by “Kommersant”, it was one of the arguments by which Igor Sechin urged President Vladimir Putin to the appropriateness of just such a development of events.
On the resumption of privatization of “Bashneft” last Friday, said the first Vice-Premier Igor Shuvalov also indicated that Rosneft will be allowed to participate in the transaction. In mid-August, Prime Minister Dmitry Medvedev decided to postpone this transaction to a later date, but sources in the government said that the sale may not take place this year.
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