Assistant to President Vladimir Putin and Chairman of “Rosneft” Board of Directors Andrei Belousov said that 19% of shares of “Rosneft” to be sold to a strategic investor, but not placed on the open market to get the maximum premium to the market price.
«pretty hard right now to place a portfolio of shares in the open market. Naturally, if we privatize [ "Rosneft"], and such decisions are taken, it is necessary to privatize 19%. This will give a significant premium to the price. Selling strategy is needed because on the open market this amount is simply impossible to place because of the large scale. According to estimates, it is possible to place [in the market] 4-5% of the shares. So, naturally, the main method of privatization of “Rosneft” – a search strategy “, – he told reporters in Moscow on Thursday (quoted by” Interfax »)
« This work is now underway, “-. Belousov said, but He did not name the companies that have shown interest in buying “Rosneft».
Thursday 19% « Rosneft » on the Moscow stock exchange worth 567 billion rubles.
The issue of privatization was considered at a meeting with Putin at the beginning of February. Later, the Minister of Economic Development Alexei Ulyukayev said that most are willing to sell the state share in “Rosneft”, “Bashneft” and ALROSA. The state owns 69.5% of “Rosneft”; in terms of privatization, approved back in 2013, it was listed for sale to 19.5% of the state-owned company. Sources Reuters reported that the privatization option considered only 4% of “Rosneft” through the placing on the market. RBC Sources in the government said that the final decision on the proportion is still pending.
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