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Russia's Sistema says to get assets in Bashneft case worth 46.5 billion roubles

Reuters

MOSCOW (Reuters) - Russia's Sistema business conglomerate said on Thursday it had reached an agreement with the Ural-Invest fund about transferring assets worth 46.5 billion roubles (520.5 million pounds) to Sistema in a case related to the Bashneft (BANE.MM) oil company.

Sistema (AFKS.MM) bought a controlling stake in Bashneft from funds including Ural-Invest in 2009 for around $2.5 billion. However a court last year ruled that Sistema's stake in Bashneft should be returned to the state.

(Reporting by Vladimir Soldatkin; Editing by Alexander Winning)