Russia Choosing Consultants for Sovcomflot’s Privatization

Image Courtesy: SCF

Selection of consultants for the privatization of Russian shipping company Sovcomflot has been launched, Russian Ministry of Economy said.

As informed, Russia has sent proposals to banks and organizations to help organize and sell 25 percent in Sovcomflot minus one share.

According to local media both Russian and international banks have submitted proposals to take part in the process.

Russia owns 100% stake in the company and has decided to sell 25% stake in January when Russian President Vladimir Putin revealed plans to sell the stakes in state-owned companies including Rosneft, Bashneft, VTB, Alrosa in 2016.

The sale seems to have sparked interest from international players especially since sanctions against Russia are expected to be eased.

The second stage of the selection process is expected to be completed until May 20.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >