Center for professional assessment (ATEC) at the request of “Rosneft” has carried out an assessment of the damage caused to the company by article RBC “Sechin asked the government to protect Rosneft from BP”. According to the study, the damage could be from 3.12 billion to 20.2 billion rubles, reports star Magazine.
In the brief report of the center States that the study of the state-owned company ordered back in April, when the article was published in RBC, where it was confirmed that the head of the oil company Igor Sechin has reportedly asked the government to stop BP to buy a controlling stake in Rosneft.
To calculate the cost of damage, the experts of the center have identified the influence of the “potential risks” losing a major customer/counterparty on the discount rate (or the estimated future cash flows) of the company. When calculating the discount rate is taken into account, in particular, the interaction of the company with contractors, explained in the report. The base value of the premium for the risk of “Rosneft” – 0,5%, but because of the publication it grows on RBC 0,007-0,045%.
The risk of losing major business in the end will cost “Rosneft” 3.12-of 20.24 billion (depending on the scenario from 0.07% or 0,045%), came to the conclusion within the CPO. So may decrease the goodwill or value of its intangible assets – reputation, technical competence, relationships and brand.
In April “Rosneft” has submitted to Arbitration court of Moscow the claim to the journalists of the RBC holding Timothy Dzyadko, Lyudmila Podobedova and Maxim tovkaylo, demanding refutation of false information. Also among the defendants included the company “Business news”, is the founder and publisher of the newspaper, RBC-TV presenter Konstantin Bochkarev.
In late September it was reported that “Rosneft” has demanded from RBC 3,124 billion in compensation for reputational harm. Moreover, the company representative explained that this amount was determined from the analysis of tspo on the instructions of the plaintiff, and represented a calculated minimum damage. It was noted that on 13 October the amount of compensation will be specified. The court will take place on November 11.
The article RBC said the head of “Rosneft” Igor Sechin, for fear that BP will collect blocking stake in the company, asked the government to restrict the ability of customers to cooperate with BP. As stated in the material, Sechin has suggested the government not to sell 19.5% stake in the market, and find at least two buyers among Asian companies or funds.
In the oil company denied the report, calling it “false” and “based on nothing the imagination of journalists or their so-called sources”, and then filed a lawsuit.
Lawyers had previously expressed doubt that state-owned companies will be able to sue the RBC is defined as compensation of 3 billion rubles, said Slon.ru. Thus, the lawyer Alexey Melnikov representing processes against the media, Yuri Luzhkov, and Vladimir Yakunin, called the amount “unprecedented”. Obviously, RBC to repay this amount alone will not be able to? the holding company’s revenue for the first half of 2016 amounted to 2.5 billion rubles, net profit – 1.2 billion rubles. In addition, the company has a debt of almost 18 billion rubles, the newspaper reminds.