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>


<< Mar 2018 >>
26 27 28 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 1

Singapore Maritime Technology Conference and Exhibition (SMTC) 2018

The 3rd Singapore Maritime Technology Conference and Exhibition (SMTC) 2018 is organized by the Maritime and Port Authority of Singapore…

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >