A part of Bashneft’s loans can be recalled ahead of schedule due to the court verdict about returning of the company’s stocks to the state

A part of Bashneft’s loans can be recalled ahead of schedule due to the change of the controlling shareholder, Bashneft tells in the report by ISA.

Due to the verdict of Arbitration Court of Moscow about returning of the company’s stocks to the state, a part of the credits and the loans can be recalled ahead of schedule because of the modification in covenants due to the change of the controlling shareholder.

The total sum of such credits and loans is 4.321 billion rubles.

Translated by Nadezhda Poltoratskaya

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