The government will sell VTB by 2016

The Russian government will sell VTB shares belonging to it by 2016. This is stated at the disposal of the Cabinet of Ministers about the plan for the privatization of large assets for 2012-2013 and for the period until 2016.

In 2012-2013, 7.58% minus one share of Sberbank will be sold, the Central Bank owned, thus, only 50 percent will remain and one share. 25.5% minus one promotion VTB will also be sold, 25% minus one rally of Russian Railways, 50% minus one promotion of “Sovcomflot”, 10% Rusnano, 100% OZK and 49.9% minus one rally Rosagrolysing. Thus, the state will retain control in all these companies.

Until 2016, according to the document, the government will fully sell its stock packages in VTB, Socomplot, Rosagrolysing, Zarubezhneft, RusHydro, Inter RAO UES, Sheremetyeva, Aeroflot, Rosselkhozbank and Alrosa.

The plan for the full sale of Rosneft by 2016 by alienation of shares at Rosneftegaz, which owns a package of 75%, was also recorded by 2016. In addition, until 2016, it is planned to reduce the share of Russia to 75% plus one promotion in Transneft, FSK EEC and Uralvagonzavod, up to 50% plus one promotion - in the OKK and UAK.

“For a number of companies (RusHydro, Aeroflot, Zarubezhneft, OZK and Alrosa), the use of the“ Golden Promotion ”is possible,” the document says.