The Manager “Rosneft” has told about the beginning of privatization of “Bashneft” in the trial of the speaker


MOSCOW, September 1. /TASS/. The Director of the Department of relations with investors of “Rosneft” Andrei Baranov as a witness told key events of privatization of “Bashneft” at the meeting of the Zamoskvoretsky court of Moscow where on Friday the ongoing trial of former Minister of economic development of Russia Alexei Ulyukayev, who is accused of receiving bribes of $2 million, reports the correspondent of TASS from the courtroom.

Sheep explained that “Rosneft” initially, after the announcement of the privatization of shares of “Bashneft” has not planned to participate in it. In parallel, preparing for another transaction for the sale of the shares, the “Rosneft” and on the advice of Bank “Intesa” – “Rosneft” has decided to consider possible participation in the privatization of “Bashneft” to maximize the effect from the sale of assets for the state.

According to him, after receiving a letter sent to “VTB Capital” to potential investors, “Rosneft” has studied the issue and expressed their interest in participating in the transaction. In addition, said Baranov, the company has prepared a letter addressed to the President of Russia with the financial and economic substantiation of the transaction, with a description of why Rosneft is “appropriate and best purchaser of shares of “Bashneft”. “After that, we filed a formal request for interest,” he said.

At the end of July 2016, the interest in Bashkir asset was declared publicly.

Opponents of the deal

The Ministry of economic development in August 2016, spoke out against the participation of “Rosneft” in the privatization of “Bashneft”.

Baranov recalled that on 4 August 2016 in Laos then the head of the MAYOR Alexei Ulyukayev has said publicly that “Rosneft” is not the proper applicant for the package of shares of “Bashneft”, as in fact controlled by the state.

“We were concerned, discouraged [that statement], 5 August, we sent a letter signed by the head of “Rosneft” Igor] Sechin address speaker, where we tried to explain what are the proper applicant for the shares of “Bashneft, but the answer has not followed. In this letter, we had quite a deep comparison of financial indicators of the companies as government-linked and private, showing that state-owned companies can operate much more efficiently than other market participants. Discrimination on the possession should not be a factor in admission to the privatization process of “Bashneft”, – said Baranov.

Answering the question of lawyer Timothy Gridneva Ulyukayev, has received “Rosneft” for once any official prohibitions [on the privatization of “Bashneft], Baranov said, “I don’t know about that”. He also said that there was no official replies to the letters company about the suspension of transactions for Bashneft.

“Our letters are not often the answers came. Accordingly, no official prohibitions…. Was just official statements in the press, which were reproduced on the tapes of news agencies,” – said the representative of “Rosneft”.

The Manager noted that a critical stance on the purchase by Rosneft of shares of “Bashneft” was also voiced by the Ministry of energy and other members of the government, while it is unknown why the speaker in early September, has changed its position on the inadmissibility of participation “Rosneft” in the privatization of “Bashneft”.

“No [don’t know]. Maybe we were very convincing in our letters,” said the sheep, responding to a question.

In September 2016, according to Baranov, “in the far East before the WEF reported, citing economic development Minister in the media that “Rosneft” is the appropriate purchaser of shares of the company and may be admitted to the privatization transaction.” “In fact, the position completely changed. But again, we know it only from the media,” he stressed.

Sheep oscitant that the position of the speaker could affect the suspension of the process of privatization of “Bashneft” in August 2016. According to him, the speaker was looking for different options to exclude the participation of Rosneft in the transaction.

The testimony on the basis of media

The lawyers of the former Minister of economic development Alexei Ulyukayev, who is accused of receiving bribes, drew the court attention to the fact that the testimony of the witness for the prosecution is mainly based on media reports.

“80% of the information was obtained from media. He learned from the media, and was not an eyewitness to the events about which you said,” said the lawyer Ulyukayev Larisa Kashtanova after Zamoskvoretskom court gave evidence Director of investor relations of the company “Rosneft” Andrei Baranov.

He, in turn, explained the question of the charges that between “Rosneft” and the Ministry of economic development there was practically no feedback. “This isn’t a normal situation. When you send an email, there is an obligation to you in some time to answer, to clarify the position”, – said Baranov. To the question if he knew why was missing feedback, the Director of a Rosneft Department replied in the negative.

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