Bashkiria can get about 20% of the shares “Bashneft” – RBC

Bashkiria can get about 20% of the shares "Bashneft" – RBC

Photo: Yekaterina Kuzmina / RBC

Discussion of what proportion will get Bashkiria, continues, but it is unlikely that the share of the Federal Property Agency as a result is less than 50%, says one of the interlocutors RBC. We discuss the option, in which the federal center will remain a controlling interest, and “residue” will receive republic, confirms one of the official agencies involved in the discussion.

If for Rosimushchestvom remain 50.1% “Bashneft”, then Bashkiria can get up to 23.8% of the company (even 6.11% of the company belongs to the most “Bashneft” and “daughters”, the remainder of the package is free-float). On Tuesday, the packet on the Moscow stock exchange worth about 58 billion rubles.

If approved shares “Bashneft” can be transferred from the federal to regional property free of charge, says the law firm partner, “Nektorov, Saveliev and Partners” Sergey Savelyev. According to him, for the transfer of securities sufficient presidential decree and government regulations.

The President of Bashkortostan Rustem Khamitov in late December sent a letter to President Vladimir Putin to convey Bashkiria part of the state oil company. From dividends “Bashneft” Republic expects to cover its expenses in sports and social needs. Specific share claimed by Bashkiria, the letter was not mentioned. Khamitova letter was sent on December 20, just two weeks after the AFC “System” by the decision of the arbitral tribunal referred Rosimushchestvu 71.6% “Bashneft” (at the end of December at the request of authorities “System” give the state ostavavsh Party or she 2.3% “Bashneft”, and the state-owned stake has increased to 73,9%).

Two days after the receipt of the letter Putin sent him to study the Prime Minister Dmitry Medvedev and instructed “to instruct Restore ovit historical (before transfer of ownership of the subject) share in the company of the republic. ” Report of the Ministry of Economy and the Ministry of Energy, containing the mechanism of transfer of the shares “Bashneft”, was sent to the White House on January 15 told RBC government sources. Representatives of the two agencies declined to comment on the content of the document. But cobesedniki RBC claim that both the Ministry and Federal Property Management Agency does not object to the transfer of the shares “Bashneft” in Bashkiria property.

Representatives of the Federal Property Management Agency and Khamitova declined to comment. Representatives of the relevant Deputy Prime Minister Arkady Dvorkovich also did not respond to questions RBC, citing the secrecy of the report.

Dividend Policy “Bashneft” assumes payment to shareholders at least 10% of net profit under IFRS, but in reality the company to pay more. In December 2014 the head of the Federal Property Agency Olga Dergounova said that “Bashneft”, becoming a state-owned company should be directed to dividends at least 25% of net profit. Bloomberg consensus net profit “Bashneft” for 2014 amounts to 81.017 billion rubles., That is, the company can make payments at least 20.25 billion rubles. In this case, Bashkortostan (Republic of transmission 23.8% stake in the company) can be credited with 6.9 billion rubles. Khamitov in his letter spoke of the need to cover the cost of 7.5 billion rubles. each year.