Chinese companies interested in privatization of Russian state assets

Chinese companies show interest in privatization of Russian state assets, Deputy Prime Minister Arkady Dvorkovich told TASS at the Boao Forum for Asia Thursday.

Chinese companies show interest in privatization of Russian state assets, Deputy Prime Minister Arkady Dvorkovich told TASS at the Boao Forum for Asia Thursday.

"Generally the interest is there," he said, adding that it is too early to speak about "particular companies."

Russian authorities plan to sell stakes in several major state-owned assets, including Rosneft, Bashneft, VTB, Sovcomflot, and Alrosa. The Ministry of Economic Development plans to nominate managing banks for privatization of the state-owned VTB, Bashneft and Alrosa early in April.

The plan is to raise up to 550 bln rubles ($7.9 bln) in Rosneft privatization. According to the Finance Minister Anton Siluanov, foreign companies, including those from the People’s Republic of China, will be able to participate in the transaction.

First published by TASS.

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