28 May 2004 14:56
Three options considered in sell-off of state share in Russian oil major
Tbilisi, 28 May: Russia's State Property Fund plans to submit three options for selling the remaining state
stake in Russia's oil major LUKoil to the Economic Development and Trade Ministry next week, the fund's acting
chairman Kirill Tomashchuk said on Friday [28 May].
He said that the 7.59-per-cent stake may be offered to investors abroad, sold as one lot at an auction or through an
auction where investors can bid for any number of shares. After the options have been considered by the ministry, the
proposals will be sent to the government, Tomashchuk said.
On Thursday, Economic Development and Trade Minister German Gref said the government plans to sell its 7.59-per-cent
stake in LUKoil this year.
The sale of the 7.59-per-cent state stake in LUKoil was included in the government's privatization programme for
2004 but the government has been delaying the auction.
[Prime-TASS news agency] |
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