Bashkortostan to Sell Remaining Bashneft Stake to Rosneft

Bashkortostan will sell its remaining stake in Bashneft to Rosneft.

Consensus

Bashkortostan plans to sell the remaining portion of its stake in Bashneft to Rosneft.
The sale follows the earlier sale of a previous share of Bashneft's stock to Rosneft.
After the first sale, Bashkortostan no longer controls Bashneft.
The proceeds from the sale will be used to repay debts and finance new projects.
The decision was announced by Bashkortostan's head, Radik Gabirov, on August 12.
Bashkortostan previously held a blocking stake in Bashneft (25% plus one share) until mid-2026.
Rosneft owns a controlling stake in Bashneft (57.66% of charter capital).
The remaining stake consists of 38.1 million ordinary shares and 6.3 million preferred shares.
The nominal value of all shares is 1 ruble.
The charter capital of Bashneft is 177,634,501 rubles.
Bashneft is a major Russian oil company with headquarters in Ufa.

The price of preferred shares dropped by 6% (up to 8.6% at the peak) by 16:36 Moscow time on August 12, while ordinary shares rose by 0.8%. — interfax
The first sold package was worth 14.8 billion rubles. — interfax
The first sale included a clause allowing for the repurchase of shares if funds become available in the future. — interfax
The first sale was announced in early June, and the repurchase option was mentioned by Prime Minister Andrey Nazarov. — fontanka
Bashneft is one of Russia's leading oil companies, engaged in oil extraction, exploration, and processing. — vedomosti