Russian PM signs order selling Bashneft to Rosneft: agencies

October 10, 2016 7:02 AM EDT

The logo of Russia's Rosneft oil company is pictured at the central processing facility of the Rosneft-owned Priobskoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016. REUTERS/Sergei Karpukhin


Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.

MOSCOW (Reuters) - Russian Prime Minister Dmitry Medvedev has signed an order selling a controlling stake in oil firm Bashneft to Rosneft , Russian news agencies quoted him as saying on Monday.

The order envisages Rosneft paying 329.69 billion roubles ($5.30 billion) for the 50.0755-percent Bashneft stake before Oct. 14, Interfax quoted Medvedev as saying at a meeting with his deputies.

(Reporting by Alexander Winning; Writing by Maria Kiselyova)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Add Your Comment