“Rosneft” does not preclude review of the amount of requirements of AFK “Sistema” in court

“Rosneftgaz, may 17. /TASS/. Oil company “Rosneft” does not exclude a review of the amount of requirements to AFK “System” in court. The journalists said the head of “Rosneft” Igor Sechin.

The arbitration court of Bashkortostan appointed on June 6 preliminary hearing under the claim “Rosneft” to AFK “Sistema” and “System-invest” for the recovery 106,6 billion.

“Documents are in court, 106 billion rubles – assessment of loss to the date of filing a claim if you consider the price, when the acts were committed, it will be 180 billion rubles. View, this court, the court will make a decision”, – said Sechin, answering the question whether there can be changed the claim to AFK “Sistema”.

Initially, “Rosneft” and “Bashneft” has submitted the claim to AFK “Sistema” and “System-invest” in the Arbitration court of Moscow, however, the court 10 may returned the claim of lack of jurisdiction of the case. According to the court, the claim should be considered at the place of registration of Bashneft in Ufa. “Rosneft” and “Bashneft” has submitted to Arbitration court of Bashkiria the same claim.

The essence of the claim

The Arbitration court of Moscow, the arguments claim that the defendants (AFK “System” and “Sistema-invest”), which is jointly owned in 2010-2014 more than 73% of shares of “Bashneft”, reorganized the company, which “Bashneft” has lost 49.41 percent of the shares of JSC “System-invest”. In addition, was produced by the repurchase of 16.8% of shares of “Bashneft” from minority shareholders for the account of the Issuer with their subsequent repayment. Also the subsidiary of Bashneft, was transferred liabilities in the form of outstanding contracts loan to “Bashneft”, for which commitments were stopped by coincidence of the debtor and creditor in one person. “Rosneft” demands from AFK “System” and “Sistema-invest” for damages caused as a result of these actions of “Bashneft”.

AFK “System” with a lawsuit disagrees and believes the plaintiffs claim was illegal and unjustified. According to the “System”, all corporate actions which are specified in the lawsuit, was carried out in accordance with the law and best corporate governance practices in business development and growth in the value of “Bashneft”.

From 2005 to 2014 “Bashneft” was part of the AFK “System” Vladimir Yevtushenkov, after which he was returned to state ownership.

In 2016 50,1% of shares of “Bashneft” bought “Rosneft”, paying for a package of 329.7 billion rubles. Later, after the offer to minority shareholders, “Rosneft” began to control 57.7% of the share capital of “Bashneft”.