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Only stock market’s slump may affect privatisation of Sovcomflot, VTB – Medvedev

January 28, 2013, 11:51 UTC+3
The prime minister said the government would continue privatisation of Rosneft
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MOSCOW, January 28 (Itar-Tass) – Privatisation of Sovcomflot and VTB in 2013 may be affected only by a dramatic slump of stock markets, Russia’s Prime Minister Dmitry Medvedev said in an interview with Germany’s Handelsblatt on Monday.

“So, if everything is fine, if there are no dramatic slumps of the stock markets, then I believe we shall collect good money,” he said.

“This year, our plans are not less ambitious, they are more ambitious: we plan to sell shares of Sovcomflot – our major ship holder, and those of our biggest, second biggest bank in this country – VTB, and of several other less big assets,” Medvedev said.

“The point is not only in the money,” the prime minister said. “The point is that our counterparts could see that our target is not state capitalism or state economy.”

The prime minister said the government would continue privatisation of Rosneft.

“It would be done in a positive market situation,” he said.

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