Currency converter
^
All news
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Bashneft privatization deal turned out to be highly beneficial for government — VTB CEO

November 20, 2016, 8:06 UTC+3 MOSCOW

The government made a proper step by lifting all deal restrictions, which had a positive effect on the ultimate result, Andrei Kostin said

Share
1 pages in this article
Chief Executive Officer of VTB Bank Andrei Kostin

Chief Executive Officer of VTB Bank Andrei Kostin

© Marina Lystseva/TASS

MOSCOW, November 20. /TASS/. Privatization of the Russian oil producer Bashneft is highly beneficial for the government, which earned maximal profit from that deal, Chief Executive Officer of VTB Bank Andrei Kostin said on Sunday on the air with Rossiya 24 TV Channel.

"As far as Bashneft deal is concerned, it was very successful for the government because the state received maximal benefit and maximal money for it," the banker said.

The government made a proper step by lifting all deal restrictions, which had a positive effect on the ultimate result, he added.

Rosneft acquired the government stake of 50.08% in the charter capital of Bashneft for nearly 330 bln rubles ($5.1 bln) in mid-October.

Show more
Share
In other media
Реклама
Реклама