The state-owned “Rosneft” and “Bashneft” privatized until the end of 2016

Moscow. September 30. The state-owned shares “Bashneft” and “Rosneft” will be privatized this year, said Prime Minister Dmitry Medvedev.

“Are we going to do (privatize the shares of state-owned companies), including this year, including on some of those big, large blocks of shares. For example, such as “Rosneft” and “Bashneft”, – said Medvedev at the meeting with Russian business circles within the framework of international investment forum “Sochi-2016”.

Earlier on Friday, Russian Finance Minister Anton Siluanov said that the Ministry of Finance of the Russian Federation amendments to the Federal 2016 budget takes into account the privatization of packages of “Bashneft” and “Rosneft”.

Authorities have not yet determined the sequence of privatization transactions “Rosneft” and “Bashneft” one of the proposals involves their conjunction in a single project, said the first Deputy Prime Minister Igor Shuvalov in an interview to “Russia 24” on the sidelines of the WEF in 2016 in the beginning of September.

It was originally planned that the first will be sold Bashneft: for a controlling stake in the company, the state could gain about 300 billion rubles. However, in August amid controversy about the possibility of participation in the transaction state-controlled Rosneft and a series of appeals of the authorities of Bashkiria, the government decided to postpone privatization. At the same time, Shuvalov said that from now on the sale of 19.5% of “Rosneft”, and after her government will return to the privatization of “Bashneft”.

Then, according to sources of Bloomberg, the head of “Rosneft” and the Chairman of the Board of Directors of state holding Rosneftegaz” Igor Sechin asked the government the following scheme: Rosneft is buying control of Bashneft for $5 billion, and then Rosneftegaz sells 19.5% of “Rosneft” for $11 billion.