Russian min wants banks’ proposals on privatization prices by Sun

MOSCOW, Mar 28 (PRIME) -- Russia’s Economic Development Ministry will send a second letter to banks which could organize privatization on Monday and expects their response containing pricing proposals by the end of the week, Minister Alexei Ulyukayev told reporters.

“I have already said, five core assets for privatization this year include (oil companies) Rosneft, Bashneft, (bank) VTB, (shipping company) Sovcomflot and (diamond producer) ALROSA,” he said.

“Now there will be a second stage – selection by price. Today we will send the second letter, respectively, we expect by the end of the week a response containing parameters of pricing proposals and will make a corresponding decision.”

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