“LUKOIL” has refused participation in privatisation “Rosneft” – the Agency of economic information

“LUKOIL” do not intend to take part in privatisation “Rosneft”, said the Vice-President “LUKOIL” Leonid Fedun. “the Issue has been resolved, the action “Rosneft” will be redeemed “Rosneftegaz”. The government Directive came out and it is all clear,” – leads TASS his response to the question about the intention of LUKOIL to buy shares of “Rosneft”.

“statements”

Previously, “Vedomosti” < / span>wrote that “LUKOIL” may be one of the contenders for a stake in Rosneft. According to the person familiar with the negotiations, President Vladimir Putin proposed to “LUKOIL” to participate in privatisation “Rosneft”. The conversation took place on October 31 at the discovery of them. Filanovsky.

To the conversation, the President of “LUKOIL” Vagit Alekperov assured that it will not participate in the privatization of “Rosneft” says the source, “Vedomosti”: “But then Putin invited Alekperov to his car. About 20 minutes later, they were driving from a factory “Astrakhan shipyard” to the regional Duma”. About the reaction Alekperov he could not tell.

October 31, Alekperov, answering a question of journalists, said that to participate in privatisation “Rosneft” “LUKOIL” will not.

Press Secretary of the President Dmitry Peskov refused to confirm or deny that Putin offered the President of the company “LUKOIL” to participate in privatisation “Rosneft”.

the Government on 7 November issued a decree on the sale of shares of “Rosneft” (19,5%) with the first item on which was stamped “For official use”. The Minister of economic development Alexei Ulyukayev explained that the Ordinance is only about the price and date of transaction. Savvycom of shares of “Rosneft” this order is not provided, said the Minister. Later, the government issued a Directive to state representatives in the Board of Directors of “Rosneftegaz” – vote for the decision on the sale of shares on specified conditions.

the New document abolished the previous decree on the sale of shares of “Rosneft” from 2014, the Minimum price is determined on the basis of quotations of “Rosneft” dated October 11, 2016, Ulyukayev explained: then after the announcement of the privatization of “Bashneft” shares “Rosneft” has risen significantly in price. In figures it looks so, said Ulyukayev: 748,26 bn, multiplied by a factor of 0.95, or approximately 711 billion, a Discount of 5%, the Minister said, is a normal market practice. Correction factor – the offer of investment adviser, Bank Intesa Sanpaolo, knows Federal official involved in the privatization: the Bank analyzed the world practice of such transactions in the segment by industry.

the Deal should be closed before December 5, said in the Directive, the calculation of the buyer is completed before December 15, the budget in the form of dividends of “Rosneftegaz” money must be received before December 31.

Putin said that 19.5% of their shares, may by itself “Rosneft” as a temporary measure. Money in the accounts of the company, there are additional funds from the market, he says.