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Russia's Rosneft submits draft Bashneft buyout offer to regulator

Reuters

MOSCOW (Reuters) - Russian energy major Rosneft (ROSN.MM) has sent a draft mandatory offer to the central bank to buy the shares it does not already own in oil firm Bashneft (BANE.MM), Rosneft said in a regulatory statement on Friday.

A spokesman for Rosneft said the move was a step toward making a proper offer to Bashneft shareholders. It did not provide further details.

Rosneft is seeking government approval to buy up to 100 percent of shares in Bashneft after acquiring a controlling stake earlier this month as part of a state privatisation drive.

(Reporting by Polina Devitt and Vladimir Soldatkin; editing by Maria Kiselyova)