The price of the transaction for the purchase of a controlling interest asset of Bashkir fuel and energy complex exceeded the market price by 80 percent - AFK "Sistema".
The value of the transaction for the purchase of the controlling stake in Bashkir fuel and energy complex in April 2009 for $ 2 billion was on average 80 percent higher than the market value of shares on the market for the last 6 months before the date of the transaction, the presentation of AFK "Sistema", posted on the official website of the company, informs.
In addition, it is noted that AFK "Sistema" did not participate in the privatization of the Bashkir fuel and energy complex and acted as a bona fide purchaser of assets from a third party.
The group acquired the assets in three stages: in August 2005 the acquisition of minority ( 19.9 percent) for $502.9 million . In October 2005 an additional acquisition of minority (2-9 percent) for $96.8 million. In April 2009 the controlling stakes for over $ 2 billion were bought.