Russia's Rosneft to pay up to $5.3 billion for Bashneft stake: Ifax

Thu Oct 6, 2016 6:59am EDT
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MOSCOW (Reuters) - Russian oil producer Rosneft (ROSN.MM: Quote) may pay up to 330 billion roubles ($5.29 billion) for a controlling stake in mid-sized oil company Bashneft, Interfax news agency cited two sources familiar with the planned deal as saying on Thursday.

The deal to buy a stake of just over 50 percent in Bashneft, and all other accompanying agreements, are to be signed by Oct. 15, the agency reported.

(Reporting by Lidia Kelly; Writing by Dmitry Solovyov; Editing by Christian Lowe)

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