“Rosneft” made a purchase of its own shares from the state – RBC

Photo: Artyom Korotayev/TASS

“Rosneft” considers possibility of purchase of 19.5% of Rosneftegaz, the representative of the company Mikhail Leontyev. Earlier that such a scheme of privatization of the company discussed in the government, wrote “Vedomosti”

the Company “Rosneft” is ready to purchase a 19.5% stake from state-owned Rosneftegaz. Comments about this business FM said the press Secretary of the company Mikhail Leontyev.

“In fact, we are willing to buy our shares. We love your shares. In General it is a trivial procedure in any company, — said Leontiev. — If we have the opportunity to purchase our shares, we are very seriously considering this issue, proud of it, not ashamed.”

Leontiev added that “Rosneft” believes “in an enormous potential to improve the company’s capitalization” and the company “fundamentally undervalued”

“Absolutely confident that the shares [of Rosneft] will be much more expensive and the company can make huge additional profits, – said Leontiev channel RBC. – With regard to the insane hysteria about savvycom. We did not determine the order of sale be determined by the government. We are in the best interests of the company stocks and want to buy. How much is another question.”

In a Wednesday newspaper “Vedomosti” wrote that the government is discussing the scheme of privatization of “Rosneft”, the company will be able to redeem your package at 19.5% in “Rosneftegaz” for 700 billion rubles. it is Expected that in the future, this package can be sold to a strategic investor or parts on the market.

the report of the Fund “Energy”, owned by former energy Minister Igor Yusufov, said that such a scheme is “a perfectly normal market mechanism in the world practice in all sectors of the economy.”

the Raiffeisenbank Experts pointed out that the company might have enough funds for buying its own shares and stake in Bashneft. Analysts also pointed out that in the case of purchase of shares of “Bashneft” and a native package on the company’s accounts to the end of the year could be about $ 5.7 billion.

“Thus, a similar privatization scheme in which the company will give to the budget almost all of its accumulated liquidity should not lead to an increase in the company’s needs for new loans,” the experts claimed.

Analysts Raiffeisenbank also admitted that the purchase by Rosneft of its own shares may cause a temporary shortage of currency in the local market. “It is fraught with short-term impact on interbank rates (increase them. the RBC) on foreign currency operations before the end of the year,” said analyst Denis Poryvai in an interview with RBC.

Minister of economic development Alexei Ulyukayev in an interview with reporters earlier Thursday, said that the deal for the privatization of 19.5% of Rosneft could take place in November, passed “Interfax”.

Earlier in the day the government approved the purchase of 50,0755% Bashneft Rosneft. The amount of the transaction can be 329,6 billion. “Until October 15 to have time to obtain all the necessary approvals to close the transaction. The Board of Directors of “Rosneft” has already approved it,” said one of the interlocutors RBC.