The Russian Direct Investment Fund (RDIF) and its partners have refrained from participation in privatization of a 50.08% stake in oil company Bashneft as the price is too high, RDIF CEO Kirill Dmitriev reported.
Earlier the government allowed state-owned oil major Rosneft to buy the stake for no more than 330 billion rubles by October 15, the government said. Previously, EY estimated the asset’s cost at 297-315 billion rubles. (Prime/Business World Magazine)
