Econ Ministry plans to sell Novorossiysk, Murmansk, Vanino port stakes by end 2012
MOSCOW. Oct 22 (Interfax) - The Russian Economic Development Ministry expects to complete the sale of stakes in OJSC Novorossiysk Commercial Sea Port (NCSP) , OJSC Murmansk Commercial Seaport and OJSC Vanino Commercial Seaport to be sold by the end of this year, Economic Development Minister Andrei Belousov told reporters.
"The deals to sell the ports could go through by the end of the year. We expect we'll manage this," Belousov said.
Reports have said the investment consultants will be UBS for the sale of 20% of Novorossiysk, Raiffeisen Investment for 25.5% of Murmansk and VTB Capital for 55% of Vanino.
The Russian Federal Property Agency (Rosimuschestvo) has said bids for Vanino would be accepted until November 29 and the results of qualification will be known December 5. The tender itself will be held on December 7.
Raiffeisen Investment will close offers for Murmansk on October 29.
Russian Prime Minister Dmitry Medvedev has said the government would discuss the forecast privatization plan for 2011-2013 on October 25.