Ulyukayev commented on the possibility of Rosneft’s purchase of its shares

The procedure of privatization of 19.5% of “Rosneft” yet does not provide for the repurchase by the company of its shares from Rosneftegaz, said the Minister of economic development Alexei Ulyukayev, reports “RIA Novosti”.

According to the Minister, “no buyback” is not provided. “Don’t know about that, have a regular schedule,” — said the Minister of economic development.

Ulyukayev also did not answer the question about his attitude to the possibility of redemption. “No comment,” he replied.

The Minister assured that “Rosneftegaz” all income from privatization of “Rosneft” will transfer in the budget.

That the government proceeds to sell 19.5% of Rosneft shares, first Deputy Prime Minister Igor Shuvalov said in late September. Then it became known about the government’s decision to resume the sale of “Bashneft”.

The government intends to gain from the sale of assets over 1 trillion rubles.

Last week the government issued a Directive according to which “Rosneft” will be able to buy of 50.08% of shares of “Bashneft” at a price not higher than 330 billion roubles (originally the consulting company E&Y estimated the package to 297-315 bn).

6 October, the representative of “Rosneft” Mikhail Leontyev said that the company is considering the purchase of the shares from Rosneftegaz. How then wrote the newspaper “Vedomosti”, the government is discussing the scheme of privatization of “Rosneft”, the company will be able to redeem your package at 19.5% in “Rosneftegaz” for 700 billion rubles. it is Expected that in the future, this package can be sold to a strategic investor or parts on the market.