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Official notices investors' interest in shares of Bashneft amid of privatization

In May, Russia’s President Vladimir Putin permitted privatization of a 50% stake of the government in Bashneft

ST.PETERSBURG, June 16. /TASS/. Investors are showing a strong interest in the shares of Bashneft oil company amid of its privatization, Oleg Ganeev, head of Sberbank-CIB told TASS.

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Sberbank CIB is a co-organizer of the privatization of Bashneft.

"Investors are showing strong interest in the securities of Bashneft amid the company’s privatization," he said.

In May, Russia’s President Vladimir Putin permitted privatization of a 50% stake of the government in Bashneft oil company excluding it from the list of strategic companies.

Putin announced the decision to sell stakes in Rosneft, Bashneft, VTB, Alrosa and Sovcomflot in January.

Bashneft is operating in more than 20 Russian regions and overseas. The Russian Property Management Agency holds 50% + 1 share in the company. 25% plus one share in Bashneft belong to Bashkiria.

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