Moscow. August 17. The government will go back to selling shares of “Bashneft” after the privatization of state-owned Rosneft. This was stated by first Deputy Prime Minister Igor Shuvalov.
“Now on the sale of “Rosneft”. We need to focus on that. Selling a package of “Rosneft”, back to the sale of “Bashneft”, as we have the order of the President on privatization of the company”, – said Shuvalov.
Economy17 Aug 2016Эксперты tried to understand the motives of migration of privatization of “Bashneft”Read more
On the question of a possible sale of its stake in Bashneft Shuvalov said that pre-training revealed a significant interest in this asset. “There are real contenders, and we understand at what price they are willing to purchase “Bashneft”. We study the position of the leadership of the Republic of Bashkortostan that the asset can be sold more successfully,” he said.
The Chairman of the government of the Russian Federation Dmitry Medvedev took the decision to postpone the privatization of “Bashneft” at a later date, and in this regard instructed to consider further the question of a more effective sale of the stake in the company, he added.
The head of Bashkortostan Rustem Khamitov said on Wednesday in interview to TV channel “Russia 24” that selling state-owned stake of “Bashneft” in the unstable economy today.
“The decision to privatize be taken by the government. We need to wait for calm on all unstable economic directions. You can then discuss the options of privatization of “Bashneft”. But in today’s unstable economy to sell “Bashneft” is impossible”, – he said.
It became known yesterday that the Russian Prime Minister Dmitry Medvedev took the decision to postpone the privatization of “Bashneft”, the decision was approved by the President, said the press Secretary of Prime Minister Natalya Timakova.
“The Prime Minister has decided to postpone the privatization of “Bashneft” at a later date, it (the decision) approved by the President”, – said Timakova.
May 17, 2016, it was announced that Russian President Vladimir Putin has signed the decree about an exception of 50% plus one share of JSC “Bashneft” from the list of strategic enterprises.
The document was signed on 12 may this year. Thus, the government’s stake in Bashneft could be privatized.
The cost of 50.08% stake in the authorized capital of “Bashneft”, owned by the Federal property management Agency, was valued by an independent appraiser in the range from 297 billion to 315 billion roubles, which corresponds to the price per ordinary share from 3 thousand 340 roubles to 3 thousand 537 rubles. Point the market value is 306 billion, which corresponds to the middle of the presented range. The Federal property management Agency and Ministry of economic development has stated that they consider fair such an interval valuation of the company.
One possible reason for the postponement of the sale of state called the government’s reluctance to sell the asset at a low market. In addition, an active opponent of the sale of state shares in Bashneft is Khamitov (Republic owns 25% of “Bashneft”) – in recent weeks he has repeatedly appealed to the Federal government with various proposals for the future “Bashneft” (the last option is to postpone the privatization).