During the offer period, announced at the end of October last year, minority shareholders in Bashneft had an opportunity to sell their stakes to Rosneft.

Rosneft bought a 50% stake in Bashneft from the government in Moscow in October, taking full control of the company.

Rosneft’s offer expired on 30 January and the oil producer has yet to disclose whether other remaining shareholders, besides Bashkiria, agreed to sell their stock.

Rosneft