Kudrin has refused to consider a privatization sale of Bashneft to Rosneft

Ex-Finance Minister Alexei Kudrin

“Privatization of “Bashneft” was not. She’s just one government ownership has passed to another state-owned company”, — told reporters the former Minister of Finance, the head of the Center for strategic development Alexey Kudrin, reports TASS. “In this sense, the consolidation of state assets, but not privatization”, — he said.

“Rosneft” exactly a week ago, on October 12, purchased from the Federal property management Agency of 50.08% of shares of “Bashneft” for 329,69 billion rubles, and the next day completely changed its management led by Alexander Corsica.

On the same day, President Vladimir Putin, speaking at the conference “VTB Capital”, called the sale of “Bashneft” “careful privatization.” The decision to sell “Bashneft” state-controlled “Rosneft” was dictated by several considerations, he said. First, the “Rosneft”, “strictly speaking”, is not a state-owned company the state has a controlling stake, but a significant proportion (19,75%) belongs to the British BP. Besides, “Rosneft” has offered for a controlling stake of “Bashneft” “highest price,” said Putin, above, evaluations conducted by order of the government E&Y — 297-315 billion rubles, With the acquisition of a controlling stake in Bashneft and the subsequent sale of 19.5% Rosneft stock value “Rosneft” “substantially grow” and “comes the so-called synergistic effect,” he said.

CEO of “Rosneft” Igor Sechin on Wednesday, October 19, will meet with head of Bashkortostan Rustem Khamitov in Ufa and will discuss the work of the company, according to “RBC-Ufa” and “Kommersant-Bashkortostan”, citing its sources. Last week, Sechin said that the company has no plans to redeem the Republican package in Bashneft (Bashkortostan owns 25%). “Production activity at this stage is a priority for us”, — said the head of Bashkortostan, responding to a question about increasing the stake in the company.