The parties did not exclude the transfer of “Ufaorgsintez” Rostec

The parties did not exclude the transfer of “Ufaorgsintez” Rostec

Moscow. March 10. The idea of transferring “Ufaorgsintez” Rostechnadzor is not excluded, despite the plans of privatization of “Bashneft”, told journalists the Minister of industry and trade of Russia Denis Manturov.

“I’m more complicated answer: it does not exclude such a possibility. Yes or no – that’s for you decide, but nothing is excluded,” he said in response to the question of whether there is a relevant idea on the transfer of “Ufaorgsintez” Rostechnadzor with regard to plans for sale of state company “Bashneft”, which includes “Ufaorgsintez”.

CSS is one of the largest Russian enterprises for the production of products of organic synthesis polymer materials, the products are sold in foreign markets. CSS is one of the key producers of phenol and acetone – 33% share in the Russian market. In addition, SLD is in Russia 15% of the market production of high-pressure polyethylene, 10% polypropylene, 29% – bisphenol A (DFP).

In mid-October last year, sources reported that rostec, which is headed by Sergey Chemezov, is considering the purchase of “Ufaorgsintez”. Manturov said that the Agency this idea is fully supported. As reported to journalists by the Minister of energy Alexander Novak, “the question now only in the discussion stage, and no in this part of the control instructions no.” “There is a corresponding initiative by Rostec and the Ministry of industry and trade”, – he noted.

The PMCS are 100% owned by Bashneft, owns 67,53% of the shares of CSS, 100% “daughter” POC – “Shkapovskoe gas company” and JSC “Tuimazinsky gas processing facility” is owned by 7,71% and 0.77% of “Ufaorgsintez”, respectively.

Thus, Bashneft controls 76,01% of the shares of SLD (78% of ordinary shares). The second major shareholder of CSS is ZAO “Sistema-invest”, which owns 19,04% of the share capital, or 22% of the ordinary shares. In free circulation are only preferred shares.

In the middle of January, it was reported that “Bashneft” ready to buy “System-invest” 19,04% of shares of “Ufaorgsintez” for 3,55 billion rubles – this followed from the draft Directive, prepared by the Federal property management Agency to a future meeting of the Board of Directors of the NC on this issue.

In accordance with the approved long-term development programme, Bashneft plans to further develop the segment “petrochemicals” and increase its margins.