Russian Government to sell 4% in Alrosa by 2019

Nadezhda Ivanova's picture

The Russian Government has planned to decrease the state shares in the state-owned companies (including Alrosa, VTB and Sovcomflot) under the privatization plan for 2017-2019.

As it reported in the document, published on the website of the Cabinet, the state's share will be declined gradually in 477 joint-stock companies, 298 federal state unitary enterprises, shares of the Russian Federation in ten limited liability companies, more than a thousand other pieces property of the state treasury.

These procedures will bring more than 5.6 billion rubles to the budget each year, without taking into account the value of the shares of large companies.

Thus, the state's share in Alrosa will be reduced to 29% plus one share, in Sovcomflot - to 25% plus one share. Let’s recall that in early July 2016, to 10.9% of Alrosa’s shares were sold for 52.2 billion rubles.

At the moment, the state's share in Alrosa is 33%, 25% plus one share more belong to Yakutia and 8% are distributed among the eight regions of the republic.

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