Russia's Bashneft Mulls Secondary Public Offering of 10%

Reuters

MOSCOW, April 12 (Reuters) - Russian mid-sized oil producer Bashneft, expected to be privatized later this year, is considering a secondary public offering of 10 percent of its shares, Alexander Korsik, the company's chief executive, said on Tuesday.

Russia's state property agency owns just over 50 percent of Bashneft shares, while the Republic of Bashkortostan has 25 percent.

(Reporting by Olga Popova and Denis Pinchuk; writing by Vladimir Soldatkin; editing by Maria Kiselyova)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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