To struggle with the budget deficit RF government may resume privatization of some assets including up to 20% of Sovcomflot shares AK&M cites Igor Shuvalov as saying in an interview with Bloomberg Television in Washington.
The government has about 5,500 enterprises that can be converted into joint stock companies and sold starting as early as this year, Shuvalov said.
Shuvalov said the government may start its new wave of selloffs this year, offering as much as 20 percent of OAO Sovcomflot. The bulk of remaining sales will probably commence in the second half of 2010, he said.
According to Shuvalov, Russia may also sell part of its stakes in companies that are already publicly traded, including OAO Rosneft.
Sovcomflot OJSC is Russia’s largest shipping company and the world’s fifth-largest tanker company. Its fleet comprises 137 vessels with total deadweight of some 9.6 million tonnes. The Group’s current backlog of orders numbers 23 vessels with total deadweight of 2.1 million tonnes. The average age of the Group’s tanker fleet is six years (against the world’s average age of 12 years). Sovcomflot Group holds a leading position in the global market of product carriers, Aframax tankers, ice-class LNG-carriers and Arctic shuttle tankers, those of special demand in Russia’s foreign trade.
The government has about 5,500 enterprises that can be converted into joint stock companies and sold starting as early as this year, Shuvalov said.
Shuvalov said the government may start its new wave of selloffs this year, offering as much as 20 percent of OAO Sovcomflot. The bulk of remaining sales will probably commence in the second half of 2010, he said.
According to Shuvalov, Russia may also sell part of its stakes in companies that are already publicly traded, including OAO Rosneft.
Sovcomflot OJSC is Russia’s largest shipping company and the world’s fifth-largest tanker company. Its fleet comprises 137 vessels with total deadweight of some 9.6 million tonnes. The Group’s current backlog of orders numbers 23 vessels with total deadweight of 2.1 million tonnes. The average age of the Group’s tanker fleet is six years (against the world’s average age of 12 years). Sovcomflot Group holds a leading position in the global market of product carriers, Aframax tankers, ice-class LNG-carriers and Arctic shuttle tankers, those of special demand in Russia’s foreign trade.