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Russian state fund aims to take part in Bashneft privatisation

VLADIVOSTOK, Russia, Sept 1 (Reuters) - The Russian Direct Investment Fund (RDIF) is aiming to take part in the privatisation of oil producer Bashneft, Kirill Dmitriev, head of the fund, said on Thursday.

“We certainly will participate in Bashneft (privatisation),” he told reporters.

The Russian government plans to sell a 50.08 percent stake in Bashneft. The stake has been valued at around 300 billion roubles ($4.6 billion).

The RDIF plans to look for investors and bid itself for one tenth of the Bashneft stake being offered, Dmitriev said. He compared the fund’s plans with a model previosly used when it took part in the privatisation of diamond producer Alrosa earlier this year.

Sovereign funds in the Arab world and Asia have showed an interest in Bashneft’s privatisation, Dmitriev said. ($1 = 65.2467 roubles) (Reporting by Oksana Kobzeva; Writing by Maria Tsvetkova; Editing by Alexander Winning)

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