SG-Trans Sale Backed by Russia Economy Ministry, Kommersant Says

Oct. 8 (Bloomberg) -- Russia’s Economy Ministry and property fund stand behind the state’s sale of rail company SG-Trans, which was halted by a Moscow court at OAO Rosneft’s request, Kommersant reported, citing an unidentified official in the ministry.

State companies such as Rosneft don’t have a role in such asset sales, Kommersant cited the official as saying. AFK Sistema won the right to buy 100 percent of SG-Trans, the newspaper said, adding that Rosneft declined to comment.

To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net