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CFO: Moscow Exchange ready for privatization of large state assets in 2016

In 2016, the Russian government plans to sell a number of large state assets, including stakes in Rosneft and Bashneft oil companies, Alrosa, Sovkomflot and VTB

MOSCOW, March 3. /TASS/. The Moscow Exchange is fully ready for the privatization of a number of large state-owned assets, which could take place in 2016, Chief Financial Officer of the Moscow Exchange Evgeny Fetisov told journalists Thursday.

"We believe that we are ready. We do our best to successfully conduct privatization," he said.

Net profit of the Moscow Exchange under the International Financial Reporting Standards (IFRS) in 2015 increased by 74.1% year-on-year and reached 27.9 bln rubles ($381.3 mln), according to the official report of the Moscow Exchange published Thursday.

In 2016, the Russian government plans to sell a number of large state assets, including stakes in Rosneft and Bashneft oil companies, Alrosa, Sovkomflot (Modern Commercial Fleet) and VTB.

Earlier, Russian Economic Development Minister Alexey Ulyukayev said that the government can receive about 800 bln rubles ($10.4 bln) in 2016 from privatization of large companies.

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