Russia's EconMin says finalizing Bashneft's stake sale parameters

September 14, 2016 3:23 PM

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Russia's EconMin says finalizing Bashneft's stake sale parameters

MOSCOW Russia's Economy Ministry is working towards finalizing a framework of mid-sized oil producer Bashneft's privatization where new bidders for the state's stake could emerge, the ministry said on Wednesday.

In emailed reply to Reuters questions, the ministry said it was working on finalizing "parameters, demand, valuation and the form" of oil firm's stake sale. The state has planned to sell nearly 51 percent stake in Bashneft.

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