Deals
Russia’s Rostelecom Stake May Fetch $5 Billion in 2013 Sale
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Russia may sell a controlling stake in telecommunications operator OAO Rostelecom for at least $5 billion as early as this year, said First Deputy Prime Minister Igor Shuvalov.
“I think it would be right for the government to sell its entire stake this year, to sell it as a whole,” Shuvalov, who oversees Russia’s privatization program, said in an interview in Moscow this week. “The company has a lot of accumulated problems, but we think a controlling stake could be sold for a minimum of $5 billion.”