SHANGHAI :
Chinese Investors Are Interested in Russian Shipping Firm Sovcomflot's Privatization, Investment Fund CEO Says
Xu Wei
DATE:  Sep 07 2017
/ SOURCE:  Yicai
Chinese Investors Are Interested in Russian Shipping Firm Sovcomflot's Privatization, Investment Fund CEO Says Chinese Investors Are Interested in Russian Shipping Firm Sovcomflot's Privatization, Investment Fund CEO Says

(Yicai Global) Sept. 7 -- The Russian Direct Investment Fund (RDIF) is still interested in the privatization of Russian maritime shipping firm Sovcomflot OAO and noticed that Chinese investors have also seen its appeal, Russian news agency Sputnik quoted Kirill A. Dmitriev, the fund's chief executive, as saying yesterday.

The plan to privatize a 25-percent stake in Sovcomflot will continue this year, and the company is looking for potential investors, Russian Minister of Economic Development Maxim Oreshkin, said last month.

Oreshkin and Zhong Shan, China's commerce minister, spoke about Chinese firm's participation in Russian privatization deals and steps to boost bilateral investment last month.

Sovcomflot may use methods in addition to share placement in its privatization and is discussing the participation of Asian partners, Russian First Deputy Prime Minister Igor Shuvalov said Aug. 1.

Sovcomflot is a major provider of services in offshore oil and gas transportation and continental oil and gas exploration and production.

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Keywords:   RUSSIA,Sovcomflot