MOSCOW, Sept 14 Russia's Economy Ministry is
working towards finalising a framework of mid-sized oil producer
Bashneft's privatisation 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 finalising "parameters, demand, valuation and the
form" of oil firm's stake sale. The state has planned to sell
nearly 51 percent stake in Bashneft.
"It may happen that new bidders may emerge... Privatisation
could happen any time in 2016", the ministry said. It added that
Ernst & Young valuation of the stake of between 297 billion
roubles to 315 billion roubles ($4.6-4.9 billion) remains
relevant till the end of this year.
(Reporting by Denis Pinchuk, editing by Katya Golubkova)