Palestine names conditions for peace treaty with Israel — AbbasWorld March 29, 13:45
Ukraine to continue upholding its position on Russia’s $3bln debt lawsuit in London courtBusiness & Economy March 29, 13:35
Church spokesman slams St. Isaac’s handover referendum bid as ‘counter-productive’Society & Culture March 29, 13:29
Press review: Sberbank's loss on Ukrainian subsidiary sale and Central bank under firePress Review March 29, 13:00
London High Court to hear Russia’s lawsuit on Ukraine’s $3bln debt in expedited procedureBusiness & Economy March 29, 12:31
Putin beefs up number of troops in military to nearly 2 mlnMilitary & Defense March 29, 12:12
China ready to play major role in developing Arctic — vice PMBusiness & Economy March 29, 12:09
Russian deputy PM says Arctic should become eco-friendly regionBusiness & Economy March 29, 11:59
More than 500 militants in Syria’s Homs return to civilian lifeWorld March 29, 11:49
MOSCOW, October 3. /TASS/. Ordinary shares of Russia’s oil producer Bashneft surged by 8.83% to 3,399 rubles per share at the opening trade on the Moscow Exchange on Monday, preferred stock added 4% to 1,943.5 rubles per share.
Bashneft shares are rising on the background of media reports about the upcoming transaction on privatization of the state-owned stake (50.08%) in the company. Kommersant business daily reported that the privatization deal may be carried out in the nearest weeks and even days. Rosneft is likely to become the only bidder for the stake able to pay 325 bln rubles ($5.2 bln) as Lukoil considers the price too high.
Bashneft operates in more than 20 regions of Russia and abroad. It produces and processes oil in Bashkortostan, Tatarstan, the Khanty-Mansi and the Nenets Autonomous Districts.
The Federal Property Management Agency owns 50 plus 1 share in the company’s share capital; the Republic of Bashkortostan holds a 25% stake Bashneft plus one share. Bashneft trades its shares at the Moscow Exchange.