By: Ahmad Awad
Kuwait – Mubasher: Kuwait Investment Authority showed interest in purchasing a stake in the Russian oil company Bashneft, sources told Mubasher.
The country’s sovereign wealth fund is in primary negotiations over the possible acquisition of the stake, said the sources who preferred to remain anonymous.
Russia has recently announced its plan for offering 50% stake in the oil firms Rosneft and Bashneft for sale due financial issues including budget deficit in Russia.
The stake which may be offered for sale in Bashneft is estimated at a value of $4.8 billion.
Translated by: Ingy ElSafy
