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Russian Govt Tells Rosneft Board to Approve Bashneft Purchase

Posted by October 6, 2016

The Russian government on Thursday instructed the board of state oil firm Rosneft to approve the purchase of a 50.1 percent stake in smaller oil firm Bashneft for a price not higher than 330 billion roubles ($5.3 billion).


The purchase should be approved by Oct. 15, the government instruction said. 

 

(Reporting by Anton Kolodyazhnyy and Alexander Winning)

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