MOSCOW, January 27. /TASS/. Russia’s Federal Property Management Agency (Rosimushchestvo) wants the federal government to keep 50% plus one share in the recently renationalized oil firm Bashneft and transfer the remaining state package to the Republic of Bashkortostan, Rosimushchestvo Head Olga Dergunova said on Tuesday.
Mid-sized Bashneft is based in the Volga Republic of Bashkortostan.
"We believe the Russian Federation should keep a controlling stake of 50% plus one share in Bashneft. Correspondingly, the remaining package should be held by the Republic of Bashkortostan," she said, adding the property agency had prepared a relevant proposal now under discussion but a final decision on the issue had not yet been made.
Meanwhile, Rosimushchestvo department head Vitaly Sergichuk said the government has sent a consolidated position to the president on transferring a part of the state stake in Bashneft to Bashkortostan.
On October 30, 2014, the Moscow Arbitration Court granted a lawsuit filed by the Prosecutor General’s Office on recognizing the Bashneft privatization as illegal and returning the company’s shares to the state.