Russia's Rosneft submits draft Bashneft buyout offer to regulator

Russian energy major Rosneft has sent a draft mandatory offer to the central bank to buy the shares it does not already own in oil firm Bashneft , Rosneft said in a regulatory statement on Friday. A spokesman for Rosneft said the move was a step toward making a proper offer to Bashneft shareholders. Rosneft is seeking government approval to buy up to 100 percent of shares in Bashneft after acquiring a controlling stake earlier this month as part of a state privatisation drive.