Lukoil has no final decision on Bashneft privatization
Edited by Rhod Mackenzie / 2016-03-24 01:21:55
Lukoil hasn’t yet decided whether it will participate in the privatization of Bashenft or not.
This was reported by vice-president of the company Leonid Fedun on March 24, 2016.
Everything will depend on the conditions. For a while this is only talk. There are no final decision of the Government on conditions of the privatization, what will be sold - 25%, 50% or 75% of the shares. And it depends on what the price will be. Because over the time since it the possible privatization of Bashneft was announced, its market capitalization increased by 50%, - said Leonid Fedun.
