October 10, 2016 / 11:07 AM / a year ago

Russian PM signs order selling Bashneft to Rosneft: agencies

MOSCOW (Reuters) - Russian Prime Minister Dmitry Medvedev has signed an order selling a controlling stake in oil firm Bashneft (BANE.MM) to Rosneft (ROSN.MM), Russian news agencies quoted him as saying on Monday.

The logo of Russia's Rosneft oil company is pictured at the central processing facility of the Rosneft-owned Priobskoye oil field outside the West Siberian city of Nefteyugansk, Russia, August 4, 2016. REUTERS/Sergei Karpukhin

The order envisages Rosneft paying 329.69 billion roubles ($5.30 billion) for the 50.0755-percent Bashneft stake before Oct. 14, Interfax quoted Medvedev as saying at a meeting with his deputies.

Reporting by Alexander Winning; Writing by Maria Kiselyova

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