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


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 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
john weaver | Apr. 5, 2016
Fox guarding the hen house

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Specialist
Expertise: Business Development|Sales
Location: Midland, TX
Fire Protection Project Manager
Expertise: Engineering Manager
Location: Corona, CA
Account Manager
Expertise: Business Development|Sales
Location: Houston, TX
search for more jobs

Brent Crude Oil : $55.14/BBL 0.61%
Light Crude Oil : $49.48/BBL 0.86%
Natural Gas : $3.12/MMBtu 0.95%
Updated in last 24 hours