Sberbank Exec: Foreign Banks Aren't Involved in Bashneft Privatization

Reuters

MOSCOW, April 5 (Reuters) - Foreign banks are not involved in the privatization of oil company Bashneft and diamond miner Alrosa, a senior executive of Russian bank Sberbank said on Tuesday, to the best of his knowledge.

Maxim Poletayev, first deputy chairman of Sberbank's board, added that he hoped Sberbank CIB would be the global coordinator for the Bashneft privatzsation. He said Russia's VTB Capital would probably be the global coordinator for the Alrosa stake sale.

The Economy Ministry said on Monday it had chosen Sberbank CIB as the organiser of Alrosa's privatisation and VTB Capital as the organiser of the Bashneft privatization.

(Reporting by Oksana Kobzeva; Writing by Alexander Winning and Lidia Kelly, editing by Jason Bush)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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john weaver | Apr. 5, 2016
Fox guarding the hen house


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