M&A state style

So once again, instead of privatising a 25 per cent interest in Novorossiysk Commercial Sea Port, the government is proposing that the state oversee the interest through another  state-controlled firm. According to Kommersant (6 February 2012), Deputy Prime Minister Igor Sechin has proposed in a letter to Prime Minister Vladimir Putin that the 25 per cent interest be sold directly from the Federal Property Management Committee and Russian Railways to Rosneft.

Then in its capacity as state firm, the oil producer will participate in management of the port.

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