Bashneft closes foreign subsidiaries, transferring them under the Russian jurisdiction
Edited by Rhod Mackenzie / 2016-04-15 07:50:00
Bashneft has transferred 2.3% shares under the Russian jurisdiction, runs the company’s statement.
According to Bashneft, the treasury equity stock (3 428 887 pieces) was on the balance of Luxemburg offshore Bashneft Investments S.A. The shares have been transferred under the balance of Bashneft-Invest now.
On October 29, 2015, the Board of Directors of Bashneft took a decision to transfer control over a number of assets under the Russian jurisdiction.
