TASS. A deal to turn Rosneft private could be wrapped up in November-December 2016, Minister of Economic Development Alexey Ulyukaev told journalists.
"The transaction may be closed in November-December, as for other parameters, I'll give no comments," the minister said when asked when Rosneft's privatization could be closed and whether the oil major's stock buyback is on the table.
By law, Rosneft should make an offer to Bashneft minority shareholders, Ulyukaev said.
First investor bids on Rosneft shares are expected in late October, he pointed out.