Russian Ministry of Economic Development chooses investment banks for privatization of VTB, Bashneft and Alrosa
Edited by Rhod Mackenzie / 2016-04-05 08:54:39
ALROSA Finance Metals and mining Oil and Gas Russia Shares Russia Metals and Mining Russia Oil and Gas Bashneft
The Russian Ministry of Economic Development has selected only Russian investment banks to carry out transactions for the sale of state-owned shares in Bashneft and Alrosa, as well as in VTB Bank, the Ministry reports.
In mid-March, the Ministry of Economic Development began working on the selection of banks for the organization of the privatization transactions for the sale of shares of Bashneft, Alrosa and VTB. The Deputy Economic Development Minister Nikolai Podguzov said that more than 10 banks, including foreign ones, filed applications.
