Morgan Stanley May Be Hired to Sell Novorossiysk, Vedomosti Says
By Ilya Khrennikov -
2012-02-13T04:47:35Z
The Russian Economy Ministry has proposed hiring Morgan Stanley to sell the state’s 25 percent stake in OAO Novorossiysk Commercial Seaport (NCSP), Vedomosti reported, citing a proposal to Prime Minister Vladimir Putin.
The ministry proposed restricting Summa Capital and OAO Transneft (TRNFP), who combined own a controlling stake in the seaport, from increasing their holding to avoid the “monopolization of corporate governance,” the Moscow-based daily said.
To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net
To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net
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