Sistema hopes for a dialogue with Rosneft on the settlement agreement

© RIA Novosti / Ramil to Setdiscoverable in fotobounce company AFK Sistema. Archival photoSistema hopes for a dialogue with Rosneft on the settlement agreement© RIA Novosti / Ramil to Setdiscoverable the image Bank

Sistema hopes for a dialogue with Rosneft for extra-judicial settlement of the dispute, said the head of AFK Michael Shamolin at the annual meeting of shareholders.

«Under the settlement agreement («Rosneft» — ed.): I hope that we will enter into a dialogue», — he told, answering an appropriate question.

«Adverse (outcome with Rosneft — ed.) is not considered a positive scenario: we need to return to the previous level (value of shares — ed.) and we expect further increases,» said Shamolin.

AFK «System» till the end of 2014 owned controlling stake of «Bashneft». «Rosneft», «Bashneft» and Bashkiria in the court demanding to recover from the AFC and her «daughter» is 170.6 billion rubles in favor of «Bashneft». The plaintiffs believe that the damage occurred taking into account the weakening of the ruble «System» caused Bashneft’s reorganization.

On Thursday, the official representative of AFK Sergey Kopytov has told RIA Novosti that the company has offered «Rosneft» the dispute-settlement mechanism, which allows extrajudicial evaluate the results of the reorganization of Bashneft and the financial implications of this restructuring for the oil company. The head of «Rosneft» Igor Sechin said that will verify the legitimacy of the proposals of the AFC.

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