LUKOIL does not intend to participate in privatisation “Rosneft”. About it as transfers TASS, said on Tuesday Vice-President Leonid Fedun. “The issue has been resolved, the action “Rosneft” will be redeemed “Rosneftegaz”. The government Directive came out, and it’s all clear,” said he, reports TASS.

Earlier, the newspaper “Vedomosti” wrotethat one of the contenders for a stake in state-owned companies can become “LUKOIL”. A source familiar with the negotiations, reported that President Vladimir Putin allegedly during the conversation, held on 31 October at the opening of the field to them. Filanovsky, invited LUKOIL to participate in privatisation “Rosneft”.

According to the newspaper, the Kremlin tried to create a pool of companies loyal to the Kremlin and is ready to participate in privatization. Among them, in addition to LUKOIL, the newspaper called the Chinese Sinopec, the Kazakh “KazMunaiGas” and “Surgutneftegaz”. The interest of these companies was confirmed by a Federal official, who, however, doubts that they will create a special consortium, probably, will buy the shares individually.

On 7 November, first Deputy Prime Minister Igor Shuvalov has approved a Directive to state representatives in the “Rosneftegaz” on privatization of 19.5% of “Rosneft”.

The holding Rosneftegaz, which manages state oil and gas assets, owns more than 69.5% of Rosneft shares. The implementation period of the sale of JSC “Rosneftegaz” of shares of “Rosneft” – not later than December 5, 2016, for completion of calculation of the buyer – not later than December 15, 2016, mentioned in the Directive.

Rosneftegaz should transfer the money from the sale to the Federal budget until 31 Dec 2016.

According to the Directive, the members of the Board of Directors shall vote for the exclusion of “Rosneftegaz” 2,066 billion ordinary registered shares of PJSC “NC “Rosneft”, which is 19.5% of its Charter capital. The conditions of alienation has approved the following: the determination of the price of alienation of shares of JSC “NK “Rosneft” in the amount of not less than 748,26 billion rubles multiplied by a correction factor of 0.95 is recommended attracted by JSC “Rosneftegaz” investment Advisor, the buyer, offered the best conditions and meet the qualification requirements.

LUKOIL will not take part in the privatization of “Rosneft” 08.11.2016

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