29 October 2016, Moscow — Rosneft has sent a draft mandatory offer to the central bank to buy the shares it does not already own in oil firm Bashneft, the Russian energy company said in a regulatory statement released late on Friday.
State-controlled Rosneft is seeking government approval to buy up to 100 percent of Bashneft after acquiring a controlling stake this month for 330 billion rubles.
The company will spend no more than 206 billion rubles ($3.27 billion) on the buyout of 55.5 million ordinary shares in Bashneft, it said in a separate statement.
*Polina Devitt & Vladimir Soldatkin; editing – Maria Kiselyova & Jason Neely -Reuters
