Russia lines up state assets for privatisation

[uhnope]

Source: BBC

Russia is lining up seven state companies, including airline Aeroflot, for potential privatisation.

Kremlin spokesman Dmitry Peskov said the list of companies to be privatised and the size of the stakes were yet to be finalised. But he said that foreign investors would be welcome to buy shares in the sale. The potential sell-off is expected to raise in the region of 500 to 800bn roubles($6.5bn; £4.5bn).

The firms that could be privatised are :
airline Aeroflot
oil company Bashneft
oil company Rosneft
Shipping firm Sovkomflot
diamond miner Alrosa
State bank VTB
Russian railways

The heads of seven state owned businesses were invited to the Kremlin by President Putin to discuss the possible privatisation plans. The list is still under discussion and it's believed the sale could take place in the second half of this year.

Read more: http://www.bbc.com/news/business-35473198

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"he said that foreign investors would be welcome to buy shares in the sale" LOL.

[FLPanhandle]

1. Which means Putin and friends will be owning them all soon.

And a few "gifts" are exchanged.

[jpak]

2. Putin's buddies will be the beneficiaries of this

yup

[houston16revival]

3. So the Cronies that buy them for peanuts

can make billions and come to America and buy up our farms, Mansions

Like the guy who paid $100 million for Trump's home in Florida