Government approves the program on the privatization of state-owned assets for 2017-2019
On 2 February 2017, the government adopted the program on the privatization of state-owned assets for 2017-2019. It is valued at 17 billion roubles (USD 285.30 million). The plan envisages, inter alia, that the State reduces its stake in VTB (Russia's No. 2 bank), Sovcomflot (maritime shipping) and Novorossiysk Commercial Seaport (20%).
Type: Entry and establishment (Ownership and control)
Industry: Services (Transportation and storage, Financial and insurance activities)
- Tass news article, government enacts 2017-2019 state assets privatization plan More: http://tass.com/economy/928615, Feb 02, 2017