Russia draws up advisor shortlist for asset sale

Published 10/28/2010, 12:17 PM
Updated 10/28/2010, 12:20 PM
GC
-

MOSCOW, Oct 28 (Reuters) - Russia has approved a shortlist of ten companies including Goldman Sachs and Deutsche Bank who may advise on a planned $59 billion asset sale, the government said on Thursday.

The instruction signed by Prime Minister Vladimir Putin said the government would pick advisors from the list of banks to help on its proposed asset sale, the biggest since Russia's rigged privatisations of the 1990s.

"The Economy Ministry is to select companies from the list ... to organise in the name of the Russian Federation the sale of privatised federal property," the instruction said.

Russia is fine-tuning the plan to sell off $59 billion in assets, Putin's spokesman said last week.

The following is the list of the companies included in the instruction, No.1874-p:

1) Credit Suisse's

2) VTB Capital, a Russian investment bank

3) Deutsche Bank

4) VEB Capital, the investment banking unit of state Russian bank VEB

5) JP Morgan

6) Merrill Lynch

7) Morgan Stanley's

8) Renaissance, a Russian investment bank

9) The Auction House of the Russian Federation

10) Goldman Sachs (Reporting by Guy Faulconbridge; Editing by Jon Loades-Carter)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.