Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

04/02 09:30   Banks have 1238.8 bln rbs on CBR correspondent accounts on April 2
 
04/02 09:27   Russia sends 23rd humanitarian aid convoy to Donbas - emergencies ministry
 
04/02 09:21   Moscow press review for April 2, 2015
 
04/02 09:21   Fifteen still missing as Russian trawler sinks in Sea of Okhotsk - emergencies ministry
 
04/02 09:11   Fifty-four sailors dead as Russian trawler sinks off Kamchatka
 
04/02 09:00   RUSSIA AND FSU GENERAL NEWS
 
04/02 08:36   Results of forex trading on Moscow Exchange on April 1
 
04/02 05:00   Russia political and economic calendar: April 2
 
04/01 22:05   OSCE monitors say fighting continued in parts of east Ukraine on Mar 31
 
04/01 21:59   Prosecutor General's Office sees no reasons to dispute extension of Savchenko's confinement (Part 2)
 




 

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:

April 02, 2015
 
09:11
Fifty-four sailors dead as Russian trawler sinks off Kamchatka
 
09:00
RUSSIA AND FSU GENERAL NEWS
 
08:36
Results of forex trading on Moscow Exchange on April 1
 
05:00
Russia political and economic calendar: April 2
 
April 01, 2015
 
22:05
OSCE monitors say fighting continued in parts of east Ukraine on Mar 31
 
21:59
Prosecutor General's Office sees no reasons to dispute extension of Savchenko's confinement (Part 2)
 
21:46
LPR negotiator praises Contact Group videoconference
 
21:29
 
21:28
Transdniestria denies firing on men trying to cross border
 
21:14
SBU reports detention of 3 people who confessed to perpetrating terror attacks in Odesa
 
20:58
Prosecutor General's Office sees no reasons to dispute extension of Savchenko's confinement
 
20:47
Kremlin denies knowing if Russia, ex-Yukos shareholders holding claim settlement talks
 
20:09
Key suspect in Nemtsov murder case claims to have been abducted for two days (Part 3)
 
20:02
Roshen factory in Russia, research firm accused of fraudulent tax rebate - spokesman
 
 more headlines 



Interviews
 

.
Russian Foreign Minister Sergei Lavrov has given an interview with Interfax, in which he summed up the results of this foreign policy year and spoke about the priorities of Russian diplomacy in 2015

more
.
.
Germanys E.ON is spinning its Russian business off to a "New Company" which will be transferred to the companys shareholders, with plans to list it in 2016. Apart from the Russia business, the new company will receive all of E.ONs conventional energy assets. E.ON itself will focus on renewable energy and innovation. Johannes Teyssen, E.ONs CEO, told Interfax in an interview of the logic behind the decision and its implications for the concerns Russian subsidiary OJSC E.ON Russia.

more
.
.
Australian Ambassador to Russia Paul Myler has given an interview to Interfax ahead of the G20 summit in Brisbane in which he speaks about the MH17 crash, the reasons for joining the West‘s sanctions against Russia and explained why Australia expects changes in Russia‘s food policy by March 2015.

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