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Sovereign Wealth Funds Briefing - Categorized | Investment

Russia: Sovereign funds shouldn’t be main investors in RZD privatization - Shuvalov

Posted on 15 November 2012

Sovereign wealth funds should not be the main investors in the privatization of state assets, First Deputy Prime Minister Igor Shuvalov believes. Last week, Deputy Transport Minister Alexei Tsydenov said that a 5% stake in Russian Railways (RZD), the privatization of which in 2013 was recently discussed at a cabinet meeting, could be bought by state-owned Vnesheconombank (VEB) or one of Russia’s wealth funds.
Commenting on this proposal, Shuvalov said that “the issue needs to be decided [depending] on the stake that will be offered.”……………………………………….Full Article: Source


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