The government is going to continue privatization of state companies and look for those who will buy them, but this won’t be done publicly, as the Economic Development Minister Maksim Oreshkin told.
“It [the search for buyers] is just carried out non-publicly for a number of assets. We are doing a very thorough job of finding strategic partners from around the world who can purchase certain assets and develop [them]”, Oreshkin noted.
At the same time, according to him, under the condition of a budget surplus, the state is no longer in a big need of privatization of the largest assets. “If major investors have some significant interest in those Russian assets that belong to the state now, then, of course, we will consider this issue from the point of view of reducing the state share, attracting strategic partners or a wider range of investors to a particular asset”, as the Minister said, adding that privatization “is the process characterized not only by supply, but also by demand”.
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Author: Anna Dorozhkina