Iraq calls for closer cooperation with RussiaWorld July 24, 19:09
Russia develops laser-guided automatic landing system for dronesMilitary & Defense July 24, 18:22
Communist propaganda ban not aiming to dismantle Soviet WWII memorials, vows Polish envoyWorld July 24, 18:16
Situation with Siemens won’t affect Russian companies — energy ministerBusiness & Economy July 24, 18:11
Russian energy minister says oil prices may grow in 2017Business & Economy July 24, 17:31
Putin fills in Normandy Four on Russia’s approaches to key Minsk accord provisionsRussian Politics & Diplomacy July 24, 16:57
Normandy Four leaders call for ceasefire in DonbassWorld July 24, 16:29
Archstoyanie: Russia's largest land art festivalSociety & Culture July 24, 16:08
Russian aircraft deliver almost 6,000 strikes on gunmen in Syria in 2 monthsMilitary & Defense July 24, 16:06
MOSCOW, November 23. /TASS/. Russia’s Federal Antimonopoly Service (FAS) will complete the analysis of the behavioral conditions for the purchase of state-owned stake in Russia’s oil producer Bashneft by state-owned oil company Rosneft within a week, head of the department Igor Artemyev told reporters.
"We are working on it. We have deadlines, I think, within a week will complete it," Artemyev said.
The board of directors of Bashneft will consider Rosneft’s offer on its shares' acquisition at the meeting on Thursday, November 24.
The plan is to consider the issue of "adopting the recommendations for Bashneft shareholders regarding the mandatory offer received from Rosneft on the acquisition of the company’s securities," the company said.
On November 15, Rosneft sent a mandatory offer on the acquisition of Bashneft ordinary shares from minority shareholders at a price of $56.7 per share. The period for acceptance of the offer equals 76 days from the time of its receipt by Bashneft.
On October 28, Rosneft sent a draft mandatory offer to buy out ordinary shares from minority shareholders of Bashneft to the Central Bank for approval. It concerns about 55.466 mln shares of the company. Under current law, Rosneft has to submit an offer to minority shareholders of Bashneft within 35 days after the purchase of 50.08% of the company. Rosneft said that the maximum amount of the company's obligations under the mandatory offer to purchase shares of Bashneft from minority shareholders won’t exceed $3.1 bln.
In mid-October Rosneft closed the deal to acquire 50.08% of Bashneft shares from the state for $5.2 bln. Bashkiria now holds 25% plus 1 share in Bashneft.