Official: Russia to raise over 1 tln rbl via stake sale in 2012–2014

MOSCOW, Sep 9 (PRIME) — The Russian government is expected to raise over 1 trillion rubles through the sale of government stakes in state-owned and state-controlled companies in 20122014, Alexei Uvarov, a department director at the Economic Development Ministry, told reporters Friday.

In particular, the government is to raise 300 billion rubles in 2012; 380 billion rubles in 2013; and 475 billion rubles in 2014, Uvarov said.

He added that the government plans to sell stakes in such large Russian companies and banks as Rosneft, VTB Bank, RusHydro, FGC UES, Transneft, Zarubezhneft, Sovcomflot, Russian Railways, and others in 20122014.

(29.5015 rubles U.S. $1)


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