Govt could sell Novorossiysk, Murmansk, Vanino port stakes by end 2012 - ministry
MOSCOW. Oct 19 (Interfax) - The Russian Economic Development Ministry expects 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, the ministry says in materials, seen by Interfax, for a government session on privatization.
"It is expected that competitive procedures for the selection of buyers with respect for shares in such joint stock companies as OJSC Novorossiysk Commercial Sea Port, OJSC Murmansk Commercial Seaport and Vanino Commercial Seaport will be completed by the end of the year," the materials say.
First Deputy Prime Minister Igor Shuvalov said after the meeting, which was chaired by Prime Minister Dmitry Medvedev on Friday, that several more privatization deals could be expected by the end of the year.
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.
