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Market not favourable for Russia's Sovcomflot privatisation - VTB CEO
September 7, 2017 / 8:47 AM / 3 months ago

Market not favourable for Russia's Sovcomflot privatisation - VTB CEO

VLADIVOSTOK, Russia, Sept 7 (Reuters) - The CEO of Russia’s VTB Bank, Andrey Kostin, said on Thursday that market conditions were not favourable for the privatisation of shipping company Sovcomflot, adding that it should not be expected this year.

Kostin said a direct sale of the government’s stake in Sovcomflot to an investor was also being discussed. (Reporting by Oksana Kobseva; Writing by Gabrielle Tétrault-Farber; Editing by Maria Kiselyova)

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