Russian Government to Have 24 Sverdlovsk Businesses Privatized

UrBC, Moscow, February 16, 2017. The Russian Government came up with a privatization plan for 2017-2019, their report states.

Under the terms of this plan, the state should come to have smaller shareholdings in such market leaders as VTB Bank, Sovkomflot, and Alrosa.

‘The idea is to sell shares of 477 joint stock companies, 298 federal state unitary enterprises, ten limited liability companies, and over a thousand other state-owned assets to private customers,’ the report states.

The Russian budget is expected to get 5.6bn RUR in terms of extra revenues every year; this estimate does not take into account the cost of market leaders’ shares.

As it happens, there are twenty-four Sverdlovsk Region-based enterprises on this list, including Irbit Seed Station, Sverdlovsk Fuel Company, Nord, and Sverdlovskagropromstandart.

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