Sechin announced the withdrawal of 4 billion rubles at the expense of cheap sales of assets of “Bashneft”
Bought the head of “Bashneft” state-owned “Rosneft” Igor Sechin made his first comment on the transaction the previous owners: he said that the oilfield service assets of the company at the end of 2013 was sold twice cheaper than market value for 4 billion rubles, while cost of 8 billion Bought business AFK “System” disagrees.
Sechin said: “There are contractors that have been removed from the “Bashneft”. When assessing these assets to 8 billion rubles., they were removed for some reason 4 billion rubles.” In the future, this same contractor received a revenue of 53 billion rubles, and the current contract for 28 billion rubles., said Sechin. At this point, it was about the social pressures that carried the Bashneft in Bashkiria, and Sechin suggested: “perhaps, then, part of the social burden such organizations will take on, given the exclusivity of their work in Bashkortostan?”. (Quoted by “Interfax”.)
RBC reminds that “Rosneft” acquired the controlling stake of “Bashneft” just a week ago. On the eve of the “Gazette” notice, that after making the deal top managers “Bashneft” was fired during the day – which is contrary to all rules for the management of mergers and takeovers.
RBK and Vedomosti believe that we are talking about company of targin. The amount of the transaction amounted to 4.1 billion rubles, resulting in AFK “System” became the direct shareholder of oilfield assets. The “System” in December 2014 by the decision of the Moscow Arbitration court returned a controlling stake in Bashneft to the state. The source of “Vedomosti” saysthat now remaining under the control of “the System” Targin provides about 70% of oilfield services “Bashneft”.
In the “System” claim that the 11 companies which formed Targin was purchased at the market price, and to ensure that the structure became profitable, it was necessary to invest about 12 billion rubles. There’s also a claim that all current contracts between the “Bashneft-servisnye aktivy” and “Bashneft” was signed according to results of tenders at market prices.
RBC adds that the revenue of “Tangina” never reached 53 billion rubles mentioned by the head of “Rosneft”. At the end of 2014, it amounted to 27.5 billion rubles, and in 2015 even decreased to 25.5 billion rubles.
Khamitov told journalists that the meeting with Sechin agreed on keeping all the commitments of “Bashneft” to the Republic for dividends, tax payments and contributions to charity.