Russia Choosing Consultants for Sovcomflot’s Privatization

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>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >