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

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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)

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