Sechin: it is necessary to implement the program of support of “Rosneft”


EKATERINBURG, November 25. When deciding on privatization of shares of “Rosneft” it is necessary to proceed from the price of the last transaction, i.e. the sale price of the shares of BP at $8,12. About it told journalists the head of “Rosneft” Igor Sechin, noting that the policy company will protect the interests of shareholders.

“I think that for the purposes of privatization need to take the price of the last trade, because market quotations are not referential in terms of sanctions and other restrictions. The fundamental value of the company is not reflected by current prices. For the purposes of privatization need to take the price of the last transaction, the sale price of the shares of BP – $8,12” – said Sechin.

According to him, this will protect the interests of shareholders.

“I would have thought that the program should support the digging implement, which will give additional arguments to investors,” said Sechin.
In particular, according to him, it is about support a resource base on some infrastructure projects. “The company’s prospects are very positive. The fundamental value of the company enables us to reach levels exceeding the capitalization of $100 billion and more, up to $120-130 billion,” – said Sechin.