MOSCOW, March 10. The government believe that it is better not to hurry with the great privatization: if we sell, then only transparent placement in the public market by selling as much as the market can take, writes the newspaper “Vedomosti” with reference to the four Federal officials.
The decision to sell this year of a stake in Rosneft, Bashneft, VTB, ALROSA, Sovcomflot President Vladimir Putin announced in January.
Direct deal with a strategic investor carries huge risks, telling the position of the head of the Agency Olga Dergunova said interlocutors of the edition: current market situation to sell “beautiful, clear and at a normal price” is almost impossible. “She said that the placement on the exchange will set a low benchmark for the value of state assets, but the sale of “strategists” may be an even worse option, as it will lead to the redistribution of property,” said one of the Federal officials.
At the meetings, according to participants, Dergunova suggested a more modest privatization: to place on the market part of the state, in the case of “Rosneft” – 4-5%. The price will be low, but the sale of “strategists” it will be slightly higher.
The representative of the Agency and Dergunova declined to comment.
The Finance Ministry expects to gain from privatization of 700-800 billion rubles: about 300 billion rubles from the sale of a controlling stake of “Bashneft” (60,16%) and 18.9% of ALROSA, approximately 500 billion to 19.5% of “Rosneft”. This is the main argument of the advocates of privatization: without it, at $40 per barrel of oil required to keep the budget deficit at 3% of GDP will take too much reserves, the newspaper said.
First Deputy Prime Minister Igor Shuvalov and presidential aide and Chairman of the Board of Directors of “Rosneft” Andrei Belousov considered a sale to a strategic investor feasible. In February Belousov said that the primary option is the sale of “Rosneft” – to a strategic investor, and it is better to sell the whole package of 19.5%, it will give the award. According to two officials, it’s a tough position Belousov – selling large packages for the prize, and the placing on the market and is selling for a pittance.
“Nobody wants to sell at a low market. Another thing that has nowhere to go,” explains a senior official. And sale to strategic investors will be absolutely transparent, he promises: “take care of this”.