Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

08/04 14:35   Two Ukrainian soldiers killed, one injured in Stanitsa Luhanska - Ukrainian Interior Ministry
 
08/04 14:34   Approx. 2,600 detained in Turkey during operations against ISIS, other extremist groups - embassy
 
08/04 14:31   Bashneft, Gazprom Neft post biggest production growth increases in July
 
08/04 14:31   Minsk expects to receive $2 bln-$3 bln from IMF to resolve issues with payment balance
 
08/04 14:28   SIX CHILDREN FOUND DEAD IN N.NOVGOROD APARTMENT; SEARCH FOR PARENTS UNDERWAY - INVESTIGATORS
 
08/04 14:28   CONSENSUS: Russian industry down 4.6%, inflation at 0.9% in July - analysts
 
08/04 14:26   Ukrainian defense, security chiefs to discuss Minsk talks, Donbas situation
 
08/04 14:24   One militiaman killed in strikes against DPR
 
08/04 14:21   Nuclear deal gives chance for broader Russia-Iran defense cooperation - ambassador
 
08/04 14:14   Gunvor, received $1.7 bln profit from 74% sale of Ust-Luga Oil, wants to buy bonds
 




 

Interfax.com  |  Interfax news  |  Sovereign funds shouldn't be main investors in...


News headlines


November 14, 2012 09:39

Sovereign funds shouldn't be main investors in RZD privatization - Shuvalov

MOSCOW. Nov 14 (Interfax) - Sovereign wealth funds should not be the main investors in the privatization of state assets, First Deputy Prime Minister Igor Shuvalov believes.

Last week, Deputy Transport Minister Alexei Tsydenov said that a 5% stake in Russian Railways (RZD) (RTS: RZHD), the privatization of which in 2013 was recently discussed at a cabinet meeting, could be bought by state-owned Vnesheconombank (VEB) or one of Russia's wealth funds.

Commenting on this proposal, Shuvalov said that "the issue needs to be decided [depending] on the stake that will be offered."

"In general, whether wealth funds can buy stakes in privatization - discussions are underway on this issue. I already expressed my position during the St. Petersburg Forum. But you can't say it like this: to have [the funds] buy the 5% [of RZD]. This is only in the case where you see the whole deal, you have a quality investor, you are achieving good results, and in this case, if it is a good privatization, the wealth funds decide to invest because this is good for future generations. Not the other way around, so that it looks like a good privatization only because the wealth funds are buying shares in the company being privatized," Shuvalov told reporters on Tuesday on the sidelines of a Bankers' Day organized by Itogi magazine.

"This process should be managed by professional financiers and specialists. A decision can be made when they see that this is an excellent investment for future generations and the value of the asset will grow in price," Shuvalov said.

At the St. Petersburg International Economic Forum in June, Shuvalov said he believes it is possible to invest a tenth of the resources of the National Wealth Fund in state companies that are being privatized. This idea was supported by a number of investment banks among those advising Russia on privatization, but received a cold reception at the Finance Ministry, which will oversee the future Russian Finance Agency that will manage the NWF and Reserve Fund.

Vp of

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

August 04, 2015
 
14:28
SIX CHILDREN FOUND DEAD IN N.NOVGOROD APARTMENT; SEARCH FOR PARENTS UNDERWAY - INVESTIGATORS
 
14:28
CONSENSUS: Russian industry down 4.6%, inflation at 0.9% in July - analysts
 
14:26
Ukrainian defense, security chiefs to discuss Minsk talks, Donbas situation
 
14:24
One militiaman killed in strikes against DPR
 
14:21
Nuclear deal gives chance for broader Russia-Iran defense cooperation - ambassador
 
14:14
Gunvor, received $1.7 bln profit from 74% sale of Ust-Luga Oil, wants to buy bonds
 
14:14
Russian ambassador accuses British authorities of violating intl obligations with respect to Russian diplomats
 
14:09
Moscow and Tehran may cooperate in regulation of gas supplies market - Iranian ambassador
 
14:02
Court appoints VTB case against Mechel for 1.9 bln rubles on Sept 30
 
14:00
MICEX and RTS Indexes at 14:00 MSK
 
13:57
Iranian-U.S. dialogue restricted only to nuclear program issue - Iran's ambassador to Russia
 
13:52
Poroshenko unexpectedly calls meeting of Ukraine's Military Cabinet - Yatsenyuk
 
13:51
Lukashenko about UN summit on global development: will have to go
 
13:51
Russian energy minister not planning visit to Ankara in near future
 
 more headlines 



Interviews
 

.
North Korean Ambassador to Russia Kim Hyun Joon has given an interview to Interfax in which he speaks about differences between the Korean Peninsula nuclear problem and the Iranian nuclear dossier, states Pyongyang‘s readiness to bolster its nuclear potential in response to U.S. actions and calls on Washington not to hold joint exercises with South Korea.

more
.
.
OSCE Parliamentary Assembly Director of Communications Richard Solash has given an interview to Interfax in which he speaks about how the ban for Russian State Duma speaker Sergei Naryshkin to enter Finland for the summer session of the OSCE Parliamentary Assembly may impact the session and what this Finland‘s decision may lead to in current conditions.

more
.
.
Head of Operations for Europe and Central Asia of the International Committee of the Red Cross Laurent Corbaz has given an interview with Interfax in which he speaks about the activity of the ICRC in eastern Ukraine and problems that ICRC officials face there, as well as interaction with Russian authorities on humanitarian aid and situation with Ukrainian refugees.

more

 
  
 ©   1991—2015   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100