Reuters logo
9 months ago
Putin says Rosneft's purchase of Bashneft to boost privatisation effect
October 12, 2016 / 1:41 PM / 9 months ago

Putin says Rosneft's purchase of Bashneft to boost privatisation effect

1 Min Read

Oct 12 (Reuters) - Russia's privatisation drive will be more efficient after the country's largest oil producer Rosneft purchases a state stake in mid-sized oil firm Bashneft , President Vladimir Putin said on Wednesday.

Speaking at an economic forum, Putin said that now a 19.5 percent stake in Rosneft could be sold to private foreign investors.

The Russian government asked Rosneft board to approve the purchase of a 50.1 percent stake in Bashneft for a price not higher than 330 billion roubles ($5.3 billion).

$1 = 62.2255 roubles Reporting by Alexander Winning and Katya Golubkova, Writing by Andrey Ostroukh, Editing by Vladimir Soldatkin

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below