Moscow Will Sell Vnukovo Airport In 2011

Moscow authorities are going to sell their shares of the foowing companies: Vnukovo Airport, the International Trade Centre (ITC) and the company Gostinyi Dvor in 2011,  Mayor of Moscow Sergei Sobyanin said at an operational meeting.

This year Moscow authorities will increase revenues from the sale of state assets compared with 2010 by 14 times.

In addition to the above mentioned, Moscow plans to sell stakes in such well-known companies as Capital Insurance Group, Mospromstroi, Komkor, Obyedinennye Konditery.

"We also plan to privatize the stock of the factory AMO-Plant, and a number of objects that are located in other subjects of the Russian Federation ", - the Mayor said. He also recalled that Moscow today owns 433 stocks of different companies. 200 of them are preparing for privatization.

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.

Putin Is Holding Meeting On Privatization Of Federal Property

At the moment Prime Minister  of the Russian Federation Vladimir Putin is  holding a meeting on privatization of federal property in 2011-2013 and for the period until 2015 in the government behind closed doors.

At the meeting there are First Deputy Prime Ministers of the Russian Federation Viktor Zubkov and Igor Shuvalov, Deputy Prime Minister Sergei Ivanov and Igor Sechin, Minister of Transport Igor Levitin, the Head of Ministry of Economic Development Elvira Nabiullina, Energy Minister Sergei Shmatko.

Russia Plans Privatization Of Aeroflot And Sheremetyevo Airport

Ministry of Finance of the Russian federation proposes for privatization program in 2011- 2013  JSC "Zarubezhneft", JSC "Aeroflot" and JSC "Sheremetyevo International Airport" the Head of the Ministry Alexei Kudrin said in St. Petersburg at the IX All-Russia Forum on Strategic Planning in the Regions and Cities.

He noted that recently Russian Government considered a list of companies to be privatized in coming years. 


Kudrin added that prior to 2013 authorities do not plan to address the issue of privatization of RZD and Svyazinvest.

Russian Government Intends To Sell 9% of Sberbank

Decision on the privatization of Sberbank, owned by the Bank of Russia has been adopted. What is the volume of the package, the timing and method of sale is still unknown. According to Vice- Premier Igor Shuvalov, the Government consulted on this issue with the President and Prime Minister of the Russian Federation. 

Formerly it was known that the share will be 9 percent. But, as stated by Shuvalov "the package may be more complicated." 

Now, according to the law "On the Central Bank " the share of fixed capital can not be less than 50 percent of the voting shares plus one. Reducing of this share will need amendmets to this law. 

German Gref, has offered to privatize Sberbank some years earlier. He noted that "the State is sufficient to have 25 per cent plus one share of Sberbank." Gref suggested starting with a declining share of the Central Bank to 50 percent plus one share. 

"Sale of state-owned shares in major banks is a part of governmental plan selling asset for budget replenishment. In August 2010 a list of 11 major assets for possible privatization in 2011-2013 was agreed, in addition to VTB and Sberbank state blocks of shares in Rosneft, Transneft, Sovkomflot, Agricultural Bank, Rosagroleasing, Rosspirtprom, UGC, FSK and RusHydro were added to this list. 

German Gref said in September that it was preferable to sell the government stake in the market than selling it to a strategic investor. What will ultimately be decided is yet unknown. 

Privatization Of Sberbank In Russia

Privatization of the Russian largest bank Sberbank could be held in the form of SPO, Elvira Nabiullina told reporters in Sochi. "We need to sell. It is necessary to examine all aspects. I believe it is preferable to do it on the market. Perhaps it will be done in the form of SPO", - she said, answering journalists' questions about the options for privatization of the Sberbank. 

Sberbank's CEO German Gref has once again confirmed the information to journalists that the bank is not in talks with a strategic investor for the sale of state shares of the bank. "Negotiations are not conducted - he said - until there is no strategic investor."

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Large-scale Privatization of State Owned Enterprises in Russia

Russian authorities may consider selling shares of state-owned Rosneft in 2011-2013,  Economic Development Minister Elvira Nabiullinasaid today.
"This is not in 2011, I'm talking about the program of 2011-2013" - Gref told journalists on Tuesday , quoted by Interfax.
The authorities are preparing a large-scale privatization evaluated of almost $ 30 billion and could reduce its stake in the largest state-owned enterprises, including Rosneft, in an attempt to patch up the budget deficit, sources in the Ministry of Finance said Reuters.

Vice-president of Rosneft, Peter O'Brien said earlier that the state should wait for the sale of shares before the introduction of the new tax system.

Nabiullina added today that in 2011 the company relating to the number of natural monopolies and defense industry will not be privatized.

"I'm not going to mention what exactly will be privatized in 2010. We intend to provide a sufficiently large bags and packages of large enterprises."