The state share holding of “Rosneft” in size of 19.5% can purchase “Surgutneftegaz”. The market value of the package is now $ 10.55 billion, but sources “Gazety.Ru” confident that the deal will be much higher – more than $ 16.7 billion. According to them, the government “will ask” “Surgut” to provide support to the budget in such a way . However, these funds can not stay in the budget and to refinance foreign currency debt of major companies, including – “Rosneft».
The company “Surgutneftegaz” may acquire 19.5% of shares of “Rosneft “. On Tuesday Bloomberg reported, citing informed sources. This is a package of state-owned, to be sold in the course of privatization until 2016.
Sources Bloomberg said that the deal “Rosneft” will get a partner who will help the company to refinance the debt of $ 23.5 billion, so the deal will have on the state company “Healthy Effect.”
A spokesman for “Rosneft” Mikhail Leontyev said “Gazeta.ru” the company in this case, does not see the object for any comments. The office of “Surgutneftegaz” calls not answered.
The control package of “Rosneft” (69.5%) belongs to the “Rosneftegaz.” On the privatization of 19.5% of the authorities began to talk back in 2013, but so far this has not been done. In May last year, Minister of Economic Development of Russia Alexei Ulyukayev said that the state-owned stake of “Rosneft” can be sold as a whole or in parts.
At 16.55 MSK shares of “Rosneft” on the London Stock Exchange were worth $ 5.05 per share (0.98%). The market capitalization of the company amounted to $ 54.103 billion, so the market price of a share of 19.5% at $ 10.55 billion or 535.41 billion rubles at the exchange rate for May 12.
At the end of September last year, the sources “Gazety.Ru” familiar with the situation, said that the amount at which the state is ready to begin the process of privatization of “Rosneft”, starts with 500 billion rubles.
However, at that time “Rosneft” cost about 15% higher (19.5% of the market value of the share was approximately $ 12.13 billion), that the dollar exchange rate at the time was about 477 670 000 000 rubles).
One of the minority shareholders of “Rosneft” considers that the package of 19.5% will be sold more expensive than 500 billion rubles. He recalled that last year the head of the company Igor Sechin outlined in the privatization price target of $ 8.12 per share. And, according to a minority shareholder, it is from this state will push off the price when selling.
In this case the package will cost $ 16.78 billion, or 851.5 billion rubles.
«Russian budget needs money, and under the sanctions of the West and the low oil price to find a foreign buyer for such a large package (even if suggest that it will be broken up into several smaller) is very difficult – says the source “Gazety.Ru”. – A Russian company in the required amount of stock is only “Surgutneftegaz”.
According to the source “Gazety.Ru”, the “Surgut” in the accounts is now about $ 34 billion, and in dollars.
«The head of” Surgutneftegaz “Vladimir Bogdanov long accumulated the funds in the accounts of the company, but now the state has decided that he need them, – shares his thoughts interlocutor” Gazety.Ru ” . – And under pressure from the authorities, “Surgutneftegaz” may purchase shares of “Rosneft” at a price advantageous to the state ».
The analyst IR Rye, Man & amp; Gor Securities Pigarev Sergei says that the rumors that the “Surgut”, holding the accounts of dozens of billions of dollars can “ask” to help the state run since the crisis began.
«already advised exporters to sell currency earnings to support the ruble, – like an expert. – It is quite possible that “Surgutneftegaz” will help the state, bought 19.5% of “Rosneft” at a premium to the market ».
According to Alexandra Suslina of the Economic Expert Group, a shortage of the Russian budget in the current year is 3.7% of GDP, or 2.7 trillion rubles. However, the funds received from the sale of the state package of “Rosneft” can not stay in the budget. According to Sergei Pigareva, they can be used to refinance the debt of companies with a high level of foreign currency debt, including – most of “Rosneft”.
Minority “Rosneft” also noted that the purchase of “Surgut” package of “Rosneft” – the first step towards the merger, which says the market since the early 2000s. According to the interlocutor “Gazety.Ru” likely, “Surgutneftegaz” will be absorbed “Rosneft”, which will lead to the creation of mega-level production of more than 270 million tonnes of oil per year. 
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