Privatization Follies | Opinion | The Moscow Times   Leave a comment

“A new wave of privatization is getting under way in Russia. Property that until now had been in the hands of the state is being put up for sale. The list of companies that the government plans to sell in full or in part is impressive. This year, state holdings in Sovcomflot and Sberbank are slated to be sold. Sovcomflot owns 132 vessels and is among the five largest ocean-going tanker operations in the world. Sberbank is one of the leading financial companies in all of Eastern Europe.

State holdings in RusHydro, the Federal Grid Company and VTB are also being prepared for sale in 2012. The remaining major state holdings will be sold in 2013, including another stake in VTB and shares in Rosneft, Russian Agricultural Bank, Rosagroleasing and Russian Railways.”


via Privatization Follies | Opinion | The Moscow Times.

Posted June 1, 2011 by arnoneumann in Russia

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