“Rosneft” is considering the purchase of its shares from Rosneftegaz “very seriously” because it sees “huge potential” for increasing the capitalization. In an interview with radio station Business FM said the press-Secretary and Vice-President of the company Mikhail Leontyev. Preparing to sell 19.5% of Rosneft shares.
“In fact, we are willing to buy our shares. We love your shares… In the framework of our intentions, so to speak, we are seriously considering the possibility to buy our shares in a given volume… Proud, and not ashamed,” said he.
According to Leontyev, there is nothing strange in such intent no. “We believe in the tremendous potential of increasing the capitalization of the company. We believe the company is fundamentally undervalued. And it would be strange if we did not believe in his own company”, he added.
Recently, we will remind, the newspaper “Vedomosti” reported that the government is discussing a new scheme of privatisation “Rosneft” can buy herself a state-owned package of shares. The budget will immediately get 700 billion rubles, and later Rosneft is in a relaxed mode can sell this package and even make extra money on the resale.
Scheme arising from difficulties finding buyers, looks weird, but is actively discussed, said the source familiar with the situation. The company may redeem no more than 10%, but it can buy and “daughter”, there is no limitation.
Privatization transactions in the oil industry turned to the state shifting money from pocket to pocket real investors are found, said the newspaper RusEnegry partner Mikhail Krutikhin. According to him, “sell “Rosneft” these investors will be extremely difficult.”
Desire in whatever was to sell the state’s stake in Rosneft is due to the fact that the Finance Ministry has proposed to oblige Rosneftegaz, which owns more than 69.5% of Rosneft shares and 10,97% of shares of “Gazprom” to transfer to the budget dividends in an amount not less than obtained for his shares of “Rosneft” and “Gazprom”, as well as all proceeds from the sale of shares of “Rosneft”.
The Minister of economic development of Russia Alexei Ulyukayev earlier told journalists that the media rating in 11 billion dollars close to reality. He also said that the transaction for the privatization of 19.5% stake in Rosneft may take place in any month since October.