Bloomberg News

Russia May Sell Novorossiysk Port on Bourse, Vedomosti Says

July 06, 2012

Russia’s transport ministry is planning to sell a 20 percent stake in the Novorossiysk Commercial Sea Trade Port on the stock exchange, Vedomosti reported, citing official documents.

Former vice-premier minister Igor Sechin said in January the port’s shares should be sold directly to Rosneft, the oil company of which he is president, the Moscow-based newspaper said.

To contact the reporter on this story: Anatoly Temkin in St. Petersburg at atemkin@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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