Uralvagonzavod to be Ready for Privatization Only in 2014, DG Says

Uralvagonzavod Scientific & Production Corporation will not be ready for privatization any time before late 2014, RIA Novosti refers to the enterprise’s Director-General Oleg Siyenko as telling the reporters in the course of Saint Petersburg International Economic Forum.

Now under the revised public property privatization plan, the state’s share in Uralvagonzavod is expected to go down from the current 100% to 50% plus one share by 2016. The initial plan provided for the state keeping a 75% stake in the enterprise.

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