Bashneft to transfer control over a number of assets to Russian jurisdiction
Edited by Rhod Mackenzie / 2015-10-30 07:40:10
The Board of Directors of Bashneft has approved the decisions "aimed at optimizing the corporate structure and the transfer of control over a number of assets to Russian jurisdiction", the Interfax transmits.
The decisions were taken in accordance with the directive of the Russian Government. Bashneft will also stop participating in three overseas subsidiaries - Bashneft Trading AG, RusPET Holding BV and Siviera Invest Ltd. These companies don’t conduct any business activity and will be liquidated.
