Vice PM slaps USD5bn price tag on Rostelecom controlling stake

29 Apr 2013

Moscow may sell a controlling 52.3% stake in Rostelecom for ‘at least USD5 billion’ this year, Bloomberg reports. Deputy prime minister Igor Shuvalov told the news agency: ‘I think that would be right for the government to sell all of its stake this year … The company has accumulated a lot of problems, but we believe that the majority of shares can be sold for at least USD5 billion’. The Russian government is currently carrying out a privatisation programme, which Shuvalov is supervising. A decision on the future of Rostelecom is expected to be made ‘no later than the fall’.

Russia, Rostelecom