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Russia Picks Home Bourse for Privatization - Reports
28.01.2013 09:01
Russia Picks Home Bourse for Privatization - Reports
Photo Credit: http://www.presstv.ir

Russia will sell off its stakes in major companies on the Moscow Stock Exchange.


      
According to Vedomosti daily, the Kremlin decided to use the domestic trading platform.

      
This year, the government has been planning to conduct VTB’s SPO and Alrosa’s IPO, and while the latter has nothing against listing its shares in Russia, VTB has been reportedly concerned about a potential discount.

      
VTB is expected to float up to 10 percent, a stake worth between $1-3 billion. Russia’s largest diamond producer intends to place 14 percent of its shares, which could bring the budget up to $0.8 billion.



Author: Mikhail Vesely

Tags: Moscow Stock Exchange VTB Alrosa privatization  

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