The head of “Bashneft” called the fair value of the company

The President “Bashneft” Alexander Korsik, during the annual meeting of shareholders of the company stated that its fair value of $7.5 billion or 500 billion rubles, reports “Interfax”. He also expressed confidence that with the change of shareholders of “Bashneft” will remain effective company.

Thursday on the Moscow stock exchange 100% of Bashneft worth 490,6 billion.

This year the government plans to privatize of 50.08% of “Bashneft” belonging to the government. In late may, the Minister of economic development Alexei Ulyukayev said that the government so far has received only three applications for participation in the privatization of LUKOIL, and Eduard Khudainatov of NNK from a little-known company “Tatneftegaz” that wants to take “Bashneft” in the lease for 10 years.

President of LUKOIL Vagit Alekperov said in an interview with RBC on 16 June that his company is ready to buy Bashneft “at a reasonable price”. “At the start of privatization in January, “Bashneft” was worth $4 billion today — more than $7 billion a growth of capitalization showed no company in the energy sector. That is on the market there is speculation,” he said. While Alekperov acknowledged that the sale of a controlling stake are entitled to award 10-15%.