The Russian state intends to sell its shares in 10 large and 854 mid-sized companies, the Russian minister for economical development, Elvira Nabiullina, has announced.
Included in the large companies are: Rosneft, Rusgidro, Sberbank and Sovcomflot. While the 854 mid-sized companies include the Port of Murmansk and the Arkhangelsk Trawler Fleet.
The state plans to earn nearly RUB 1 trillion (€23.5 billion/$32.3 billion) from the sales of the shares in the ten large companies. The companies themselves will earn about RUB 800 million (€18.9 million/$25.8 million).
[Source: Barents Observer]
