Medvedev allowed to privatize the 19.5% of Rosneft

Today, Prime Minister
Dmitry Medvedev signed a decree,
which permits privatization 19.5%
shares NC "Rosneft". In this way,
owned by the state holding "Rosneftegas"
up to 2.66 billion shares of the oil
the company now can not sell cheaper
prices public offering, which
It passed in 2006. Reported
the press service of the government.

according to the program
privatization by 2013, such
reducing the share of "Rosneftegas" at
equity "Rosneft" from 69.5% to 50% + 1
action was envisaged. But,
order does not specify the time frame,
when it will be possible to sell the shares.

Recall, in 2006
"Rosneft" held an IPO, where she received
15% of its shares for about $ 10.6 billion. Price
shares at a placement was $ 7.55. Now
NK shares traded for 233.7 rbl., it
about 10% higher than the level of the primary
placement. But the devaluation of the ruble led
to the fact that the dollar share "Rosneft"
now worth significantly less than
2006

Minister of economic
Development Aleksey Ulyukaev last
month spoke of a possible take over
Landmark is a currency price. "I see,
there is a conflict, but I think we
should be guided on the currency price".
- Ulyukaev said. It turns out that if
not found an investor who is willing to
pay for a stake in "Rosneft" prize
to the market, will have to wait improvements
market sentiment to sell stake
at "Rosneftegas".