RusTech May Sell Stake in Builder to Mideast Fund, Interfax Says

Russian Technologies Corp. may sell a stake in OAO Technopromexport, a builder of power stations in Russia and elsewhere, to a fund in the Middle East, Interfax reported, citing Chief Executive Officer Sergei Chemezov.

Chemezov declined to elaborate, the Moscow-based newswire said. The company has cooperation agreements with two Middle East funds, Gulftainer Co. and Damac, Interfax reported.

To contact the reporters on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net.

To contact the editor responsible for this story: Amanda Jordan at ajordan11@bloomberg.net.

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