Svyazinvest privatisation crops up again

16 Mar 2005

Russia’s Economic Development and Trade Minister German Gref has said that the government might be able to privatise its stake in Svyazinvest this year, subject to the progress of a draft presidential decree on the matter which is due to be submitted next week. According to Gref, the presidential decree calls for the sale of the government’s entire 75% minus one share holding. Earlier this month the IT and Communications Minister, Leonid Reiman, said that the privatisation of the national telecoms holding company would most likely happen in 2006.

Russia, Svyazinvest