Sistema offers Bashneft shareholders 286.5 rubles per share
MOSCOW. Oct 1 (Interfax) - AFK Sistema has offered to pay minority shareholders in Bashneft 286.5 rubles per ordinary share, Sistema said in a statement.
The shareholders have 80 days to accept the offer.
VTB is providing the bank guarantee for the offer.
Sistema acquired a controlling stake in Bashneft last April. It is legally required to make an offer to buy ordinary shares from remaining shareholders.
RTS$#&: AFKS, BANE, VTBR