“Rosneft” has applied for the purchase of 100% of “Bashneft”

“Rosneft” has applied for the purchase of 100% of “Bashneft”

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In the field of Rosneft in Nefteyugansk

Photo: Reuters/Pixstream

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“Rosneft” has addressed in FAS with a request for the purchase of 100% of “Bashneft”. On 12 October she bought of 50.08% and the company must make an offer to other shareholders. The redemption of the remaining shares can manage “Rosneft” in 329 billion rubles.

“Rosneft” has submitted to Federal Antimonopoly service (FAS) of Russia’s bid to acquire 100% of the oil company “Bashneft”, said Deputy Minister Anatoly Golomzin on Friday. He noted that the application of “Rosneft” received in Antimonopoly service, “literally,” and will likely be considered within a month, reports “RIA Novosti”.

Press Secretary and Vice-President of “Rosneft” Mikhail Leontyev confirmed to RBC that the company filed to the Federal Antimonopoly service an application for acquisition of 100% of “Bashneft”. “We are talking about formal action by the company in order to have the ability and the right to buy any other at stake in Bashneft than that Rosneft has already acquired by order of the government”, — he said RBC.

The application for the purchase of 100% may mean the purchase by the company of shares of Bashkortostan “Bashneft”, and giving the offer to minority shareholders of the company, said RBC a source close to “Rosneft”.

The representative of the head of Bashkiria Rustem Khamitov on Friday have not answered a call to RBC.

Against the background of reports about the application of “Rosneft” ordinary shares “Bashneft” on the Moscow stock exchange rose by 5.58%, preferred — by 2.86% (as of 12:08 GMT). The capitalization of the company amounted to 530,72 billion rubles Based on the amount of transactions with the government, the remaining shares of “Bashneft” can cost the company in 328,6 billion.

“Rosneft” 12 Oct acquired the Federal property management Agency of 50.08% of shares of “Bashneft”. The sum of transaction made up of 329.7 billion rubles. on 18 October, the head of the FAS Igor Artemyev has said that Rosneft needs to contact the office with request in connection with the purchase of shares of “Bashneft”. However, he acknowledged that the Agency cannot respond to the request with a refusal, “because the government adopted a decision (about the deal. — RBC)”.

After the purchase of a controlling stake of “Rosneft” for 35 days, i.e. until 17 November, must make an offer to other shareholders of “Bashneft”. Now the minority — about 20% in Bashneft, and the remaining 25% stake in the company belongs to Bashkiria. Rustem Khamitov after a meeting with CEO of “Rosneft” Igor Sechin 19 Oct previously statedthat the issue of the buyout of Republic in the company were discussed. “We will work together with “Rosneft” control “Bashneft”, — he said.

“Rosneft” on October 27 announced that its Board of Directors took the decision about the transactions that entail or may entail costs in the amount of $1.5 billion. the details of the proposed transaction the company was not disclosed. The representative of “Rosneft” refused to comment on the subject of this transaction.

In early October, Rosneft also, without going into detail, said that the Board of Directors approved the holding of a “major transaction”, which was followed by the acquisition of a controlling stake in Bashneft.