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Russian oil company up for sale - again

Although investors will bite at the right price, Bashneft's sale - and many others around the country - will reinforce Russia's reputation in global markets for uncertainty

Published Sun, Jun 26, 2016 · 09:50 PM

Moscow

FOR sale in Russia this summer: one repossessed asset, well loved and maintained. Seller is motivated. Everything must go.

In this fire sale, the asset is Bashneft, the oil company once owned by Vladimir Yevtushenkov, who was prosecuted and put under house arrest. And the seller is the Russian state, in desperate need of cash.

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Companies & Markets

Companies & Markets

Russian oil company up for sale - again

Companies & Markets

Boosted by name brand beers, Carlsberg sees higher sales

JPMorgan promotes about 150 in Asia, EMEA to managing director

Brokers’ take: Analysts upgrade iFast’s rating on higher growth expectations

Stellantis misses forecasts with 12% revenue drop in Q1, sees stronger H2

L'Occitane's billionaire owner Geiger to take firm private in US$1.8 billion deal

Australian budget airline Bonza collapses, passengers stranded

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