15 November 2016, 10:20 GMT
MOSCOW (Sputnik) — Rosneft bought 50.0755 percent of Bashneft's shares for $5 billion in October.
"The proposed price of acquired stocks is 3,706.41 rubles [$56.74] for one ordinary share of Bashneft," Rosneft said in a statement, saying that the Bank of Russia had reviewed the offer.
On Tuesday, Rosneft sent Bashneft a mandatory offer in accordance with Russian legislature to buy 55,466,137 ordinary shares making up 37.52 percent of Bashneft's ordinary shares.
The news comes amid a major corruption scandal, involving Russian Economic Development Minister Alexei Ulyukayev who was charged earlier in the day with bribery. Ulyukayev demanded a bride for a positive assessment of Russian energy company Rosneft's acquisition of Bashneft company's shares.
