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RF govt announces changes in privatization plan for 2011-13

Determining parameters for privatization of Sovkomflot, Sberbank of Russia, VTB, the United Grain Company, Rosagroleasing, ROSNANO and Russian Railways

Photo ITAR-TASS

Photo ITAR-TASS

MOSCOW, June 22 (Itar-Tass) —— The Russian government on Friday announced changes in the state property privatization plan for 2011-2013, determining parameters for privatization of Sovkomflot, Sberbank of Russia, VTB, the United Grain Company, Rosagroleasing, ROSNANO and Russian Railways. The corresponding resolution of Prime Minister Dmitry Medvedev is published in the government website.

In 2012-2013, privatization of federally–owned shares (part of shares) in the following companies is planned:

Modern Commercial Fleet (50 percent minus one share, with the state participation in the share capital planned to end by 2016,

Savings Bank of the Russian Federation (Sberbank) (7.58 percent minus one share),

Bank VTB (25.5 percent minus one share, with the state participation planned to end by 2016),

The United Grain Company (with the participation in the capital to be ended),

Rosagroleasing (49.9 minus one share, with the participation to be ended),

ROSNANO (reduction of the Russian Federation stake to 90 percent with the issue of additional shares in 2012),

Russian Railways (25 percent minus one share).

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