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Rosneft files application for buyout of 100% in Bashneft — regulator

October 28, 2016, 17:20 UTC+3 MOSCOW

Rosneft closed the deal on acquisition of 50.08% shares in Bashneft for $5.2 bln on October 12

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© EPA/MAXIM SHIPENKOV

MOSCOW, October 28. /TASS/. Rosneft approached the Federal Antimonopoly Service (FAS) of Russia for a permit to buy 100% shares in oil producer Bashneft, an official representative of the company told TASS on Friday.

"The company approached FAS for a permit to buy out 100% shares in Bashneft because it tacitly entitles to buy any smaller stake also," the sources said.

Rosneft closed the deal on acquisition of 50.08% shares in Bashneft for 329.7 bln rubles ($5.2 bln) on October 12. According to current laws, Rosneft shall issue an offer to minority shareholders within 35 days, by November 17.

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