Bloomberg News

Russian Sea Group May Bid for Trawler Fleet, Kommersant Says

May 31, 2012

OAO Russian Sea Group (RSEA), partly controlled by billionaire Gennady Timchenko, may bid for the state-owned Arkhangelsk trawler fleet, Kommersant reported today, citing people it did’t identify .

Russia may sell the fleet as soon as in August and hired OAO Gazprombank to help with the deal, the newspaper said. Russian Sea’s competitors, which include all large fishing companies, are not happy with the way Gazprombank has organized the sale, Kommersant said.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at

To contact the editor responsible for this story: John Viljoen at

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