“Rosneft” has concluded the contract of purchase and sale of “Bashneft” and paid 329,7 billion. Petition to the Antimonopoly service the company has not filed. I had to quickly transfer money in the budget, it done, said the representative of “Rosneft”
the Deal to sell to Rosneft the state-owned controlling stake of Bashneft completed, reported the press service of the Ministry of economic development.
“Today completed the transaction to sell ordinary registered shares of JSC “ANK “Bashneft” in the amount of 88951379 pieces (50,0755% of the share capital)”, is given in the message words of the head of the Ministry Alexei Ulyukayev. The Minister noted that the buyer was Rosneft. “The entire amount — 329 690 million roubles — will go to the budget of the Russian Federation”, — he assured.
on Wednesday Evening on the website of “Rosneft”, it was reported that the company on 12 October signed a contract for the sale of state-owned shares “Bashneft” and fully implement its obligations under the contract, listing of 329.7 billion rubles at the expense of the Federal Treasury.
the Application for the purchase of “Bashneft”, “Rosneft” to the Federal Antimonopoly service (FAS) has not been received, said RBC official representative of the service. If there is a corresponding order of the government on the sale of government stake in Bashneft, such application to be served do not have, said the interlocutor of RBC. The purchase of “Bashneft” has occurred by order of the government that does not require filing with the Federal Antimonopoly service, told RBC press Secretary of “Rosneft” Mikhail Leontyev.
“We needed to quickly transfer the money in the budget, we did it,” he added.
How to change the owner of “Bashneft”
In June 2013, the newspaper “Vedomosti”, citing its own sources reported about interest of “Rosneft” (then were in the process of integration with TNK-BP) to the purchase of Bashneft. The head of “Rosneft” Igor Sechin called the question on the purchase of “Bashneft” “interesting,” but said it was not discussed.
In July 2013, the main shareholder AFK “System” (at the time controlled “Bashneft”) Vladimir Yevtushenkov told Bloomberg that “Bashneft” can indeed be sold to a strategic partner or its shares may be placed on the market.
In August 2013, the TASS reported that the “System” plans to sell Bashneft to the end of the year and out of the oil business. The most likely buyer of the oil company sources Agency called the Independent oil and gas company (NOC) controlled by the ex-President “Rosneft” Edward Khudainatov. However, the President of Bashneft Alexander Korsik said that Yevtushenkov is not thinking about selling the company. The President of “Sistema” Mikhail Shamolin told “Vedomosti” that the company intends to independently develop the asset and can hold IPO in 2014-2015.
In March 2014, Bashneft bought for $ 1 billion Tyumen oil company “Burneftegaz” Oleg Burlakov claimed as “Gazprom Neft” and “Rosneft”.
In July 2014, the Basmanny court of Moscow arrested the controlling stake of “Bashneft”, owned by “System” in a criminal case on the privatization of the oil company. The Chairman of the Board of Directors and the basic shareholder “Systems” Vladimir Yevtushenkov was summoned for questioning, and he told RBC that he regarded the events as a hostile takeover.
In September 2014, Igor Sechin said that Rosneft never considered buying shares of JSC “Bashneft” because of “skeletons in the closet” and the risks of privatisation of this asset.
In October 2014, the Moscow Arbitration court ruled for the recovery of the property of the state 81,67% stake in Bashneft, and in December the “System” has transferred these shares to the Federal property management Agency.
In October 2015, Deputy energy Minister Alexei Teksler, head of the Board of Directors of Bashneft, said that at the time the plans for the SPO was not, but “management was tasked to always be prepared for privatization.” And in July 2016, Rosneft has announced that it has received a proposal from a government consultant “VTB Capital” on the purchase of 50,1% of shares of “Bashneft” in the privatization.
the Government has received two binding offers from contenders for “Bashneft”, Ulyukayev said. “The best above the cost of the appraiser (from 297 billion to 315 billion rubles. — RBC) — made only of PJSC “NC “Rosneft”, — said Ulyukayev. According to him, a quote of “Rosneft” was a significant premium to the current market value of the shares: 20,6% to the closing price on 30 September (the date of receipt of binding offers). A second contender, the head of the MAYOR did not name, noting only that the claim had a “slightly lower price”.
According to the speaker, the sale of state shares of “Rosneft” will allow to preserve the integrity of the assets of “Bashneft” and will support the plans for privatization of a package of 19.5% stake in Rosneft.
Earlier Wednesday, Russian President Vladimir Putin said that the deal with Rosneft, offered for the shares of “Bashneft” the ultimate price will be favorable to budget. “Is privatization a neat, keeping in mind the synergistic effect and maximize their winnings with regard to budget fiscal interests,” — said the head of state at the forum “Russia calling!”.
on 10 October it became known that the head of the government Dmitry Medvedev signed a decree on the direct sale of “Rosneft” of 50.08% of shares of “Bashneft” for 329,69 billion. a government Directive stipulated that the representatives of the state in Board of Directors “Rosneft” should assign the head of the company Igor Sechin to sign the contract of purchase and sale until October 15.
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