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2009 November 16   09:46

RF Government to sale shares in Novorossiisk and Murmansk MTP , Igor Shuvalov

RF Government plans to sell its share in Novorossiisk Commercial Seaport OJSC, informed RZD-Partner.ru IA with reference to an interview of Vesti of the week with Igor Shuvalov, first Deputy Prime-Minister. Privatization plan as well includes Murmansk Commercial Seaport (the state holds 34% shares), river shipping lines and many other companies, informed Shuvalov.

As per him, in 2010 such types of privatization will be used ‘in which the funds received from the sale of the state assets would first of all be spent of modernization of the enterprises themselves’.

‘We proceed from the assumption that the funds received from the enterprises sale that would go either into the treasury or onto the accounts of the enterprises under modernization program will amount to RUR100 bln. That is based on the list which is not defined yet,’ he highlighted.

First Deputy Prime-Minister added, the state will preserve the right of ‘gold share’ in some of the most important structural objects.

It is necessary to remind, that first Deputy Prime-Minister earlier informed the state can offer up to 20% of shares of the largest shipping line Sovcomflot OJSC current year.

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