UPDATE: Russian econ minister confirms Tatneftegaz’ request to get Bashneft
(Rewrites headline, lede, adds details in second paragraph)
MOSCOW, Mar 28 (PRIME) -- The Russian government has received a request from company Tatneftegaz to receive a state stake in oil company Bashneft in temporary ownership, Economic Development Minister Alexei Ulyukayev said on Monday.
“I am confirming this, there is such a request. For now, I will refrain from evaluation of the request’s quality,” he said.
Business daily Vedomosti reported earlier on Monday citing Tatneftegaz CEO Sergei Bakhir’s letter to President Vladimir Putin stating that Tatneftegaz seeks to receive the government’s entire 75.08% stake in Bashneft in temporary ownership for 10 years.
The Federal State Property Management Agency, which holds 50.08% in Bashneft, and the republic of Bashkortostan, which has a 25% plus one share stake, will receive U.S. $4 billion and $2 billion, respectively, if agree to the deal, the letter said. A 75% stake in Bashneft currently costs $4.8 billion on the Moscow Exchange, the daily said.
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