Russian Auction House to present six companies for privatization in London at end-May
ST. PETERSBURG. May 17 (Interfax) - OJSC Russian Auction House intends to make a presentation of six Russian companies in the federal privatization program in London on May 28, the company's First Deputy General Director Konstantin Rayev told Interfax.
Under a Russian government order dated January 31, 2013, the Russian Auction House was designated the selling agent for the state's shares in 36 Russian companies.
"We'll hold a business breakfast in London for certain companies on May 28 to attract investors to these objects. We'll take shares in OJSC Ulyanovsk Automobile Plant (UAZ) (13.11%), OJSC Anapa Airport (25.5%), OJSC Amur Shipping Company (25.5%), OJSC Northern River Shipping Company (31.32%), OJSC Murmansk Shipping Company (25.5%) and OJSC Northern Shipping Company (20%) to this business breakfast," Rayev said.
He added that it is too early to discuss the values of these stakes.
With regards to several stakes, the Russian Auction House is in talks with other owners on a consolidated sale.
"For the most part, of course, a non-controlling stake is being sold, so it's important to merge a portion of the shares of some owner to the government's stake to attract the largest number of participants," Rayev said.
So far, auctions have only been announced for 24.48% of OJSC Lenmetrogiprotrans Design and Research Institute.
"We're hoping that we'll have enough time and strength to announce and conduct auctions this year," Rayev said.
