Slowing down privatisation again, part two

Shortly after the Energy Minster advises caution on the privatisation of Rosneft, the government discloses that it is now considering the appointment of state-controlled VTB Capital as the management company of the Vanino Commercial Sea Port, which is 55 per cent owned by the state (with the state holding 73.3 per cent of the port’s voting shares). The idea is attributed by Kommersant to Deputy Minister for Economic Development Alexandra Levitskaya.

According to the newspaper, Oleg Deripaska’s En+ Group, which holds a 28.1 per cent interest in the port, is not that keen on the idea, as it had hoped to acquire a majority stake in the port after its privatisation, which would appear to have been put on the back burner for the present.

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