Privatization Plan Approved By Russian Government

The Russian government approved the privatization plan for the next five years and expects to gain from the sale of 900 enterprises' shares 1.8 trillion rubles.

According to the approved plan, Russia is ready in 2013 to sell another 25 percent stake in state bank VTB, to sell its share in the United Grain Company, to reduceits share to a control stake in Sovcomflot, by 2015 to sell 15 % stake in Rosneft's blocking stake in Agricultural Bank, to reduce the proportion of control in Rosagroleasing and Aeroflot, First Deputy Prime Minister Igor Shuvalov reported today.
Privatization of Transneft and Zarubezhneft will not take place yet, although previously it was planned.

The greatest interest of investors may rise privatization of state-owned banks and oil companies.
First - in late 2010 - early 2011 - a 10 percent stake in VTB could be sold, not excluding that the Government will reduce its share lower than the controlling one.

In the capital of the largest bank - Sberbank - the Government intends to reduce the share of the Central Bank of  Russia to the controlling one in the period from 2011 to 2013.

During 2012-2015 years the market will be offered a Rosneft's 15 percent  package.

RZD will be privatized after 2013.

Prior to 2015, planned to sell up to 25% of Rosselhozbank.
The Russian government is ready for privatization of Sheremetyevo airport, but the decision will be made in the context of the Moscow air hub.
Russian Government may sell 4.11% stake in FSK EES.