Rosneft completes Bashneft stake deal

Rosneft has carried out necessary corporate actions to prepare for and execute the acquisition of the Government's stake in Bashneft Public Joint Stock Company representing 50.0755% of its charter capital.

The Company Board of Directors unanimously approved Rosneft's potential entry into Bashneft equity.

In accordance with the BoD resolution Igor Sechin, Rosneft Chief Executive Officer, signed the Sale and Purchase Agreement of 88 951 379 Bashneft shares for RUB 329.69 bln.