More Privatization Receipts

March 18, 2010

Receipts from privatization this year could grow to 100 billion rubles ($3.4 billion) as company valuations increase, Economic Development Minister Elvira Nabiullina said Wednesday.

The sales of government stakes will possibly bring that amount of money if President Dmitry Medvedev agrees to strike down several companies from the list of strategic assets to make stakes in them eligible to change hands, she said. Medvedev has said he supports reducing the number of strategic companies.

The government earlier planned to raise just over 70 billion rubles from the sales, including those of strategic assets.

(MT)

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