It’s economically unreasonable to sell minor shareholding in Transneft, and major shareholding should not be sold

The First Vice Premier I. Shuvalov thinks that privatization of a minor shareholding in Transneft is senseless, and a major shareholding should not be sold. They plan to privatize 4% in the company.

They reported earlier that privatization of 3.1% in the company was planned before the end of 2015. Transneft’s stocks privatization will be executed within realization of the state program for the federal property management. The sales of the stocks of the state companies being in the federal property is one of the controlling events of the state program.