October 6, 2016 / 11:02 AM / 2 years ago

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

MOSCOW (Reuters) - Russian oil producer Rosneft (ROSN.MM) 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 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 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

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