вторник, 10 июня 2014 г.

"Rostelecom" again is not on sale


The government will not begin to privatize "Rostelecom", "Sovcomflot" and Novorossiysk Commercial Sea Port this year

Privatization of "Rostelecom", probably, is again postponed. The company still at all did not begin preparation for it – in particular, allocation of infrastructure of special communication.
The government will not begin to privatize "Rostelecom", "Sovcomflot" and the Novorossiysk Commercial Sea Port (NCSP)  this year, reported "RIA Novosti news agency"  with reference to speech of the deputy minister of finance of the Russian Federation Tatyana Nesterenko at a meeting of the State Duma Committee on the budget. "this year sale of these packages not to carry out the decision" it was made "proceeding from their uncertain cost" assets, quotes Nesterenko's agency. As a result receipt volumes in the budget of means from privatization will strongly be reduced – by 170,8 billion rubles (the state  hoped to gain from privatization this year 196,8 billion rubles). And  expected to receive the main part of means of the power from sale of a state block of shares of "Rostelecom".
Later the Ministry of Finance in the official account Twitter gave specification to Nesterenko's quote: it is not about refusal of privatization in the current year, and that money from it will come to the federal budget not earlier than 2015 the Representative of Rosimushchestvo reported on June 9 to "Sheets" that department did not offer changes  on terms, structure and the sum of privatization for 2014, and the announcement of cancellation of privatization became for it a surprise. The representative of the secretariat of the first Deputy Prime Minister Igor Shuvalov supervising privatization declared that the government yet does not change plans of privatization.
The state block of shares of "Rostelecom" (43,07% of authorized capital, or 46,99% of common stocks) is brought in the expected plan of privatization for 2014-2016. The Minister of Communications Nikolay Nikiforov said that privatization can take place in 2014 and the state  expects to gain for it not less than 5 bln. dollars. And the head of Rosimushchestvo Olga Dergunova – that the budget can receive  150 billion rubles  from its privatization.
Earlier interlocutors of "Sheets" in "Rostelecom" said that privatization of the company this year will not be. Before privatization it is necessary to carry out huge  work – to separate that infrastructure of "Rostelecom" that is used for service of the mass and corporate markets, from that that is taken away under special communication, they explained. The former official well familiar with business of "Rostelecom"  tells that for this purpose the company needs at least 1,5-2 more years. This work still at all did not begin, tells the source close to "Rostelecom" which is also sure that this year privatization will not happen. That preparation for privatization is not present, also the person close to one of major shareholders of "Rostelecom" knows. It is all about the main interested party of this process, he which owing to the political reasons cannot participate  in privatization  yet explains.
At the beginning of March two persons close to the operator's shareholders, and a source in  it told that Yury Kovalchuk will apply for a state block of shares. According to them, Kovalchuk as the final buyer is discussed by managers of the company  and officials of Rosimushchestvo and government. In March, 2014 Kovalchuk became the person involved in the sanctions list of U.S. authorities. Kovalchuk's representatives did not respond on June 9 to the request of "Sheets".
Privatization is a question of shareholders, the representative of "Rostelecom" Kira Kiryukhina speaks. And management, according to her, has to make the company strong and effective that at privatization the state received the maximum benefit. Management of "Rostelecom" considers that the company has considerable a potential  of growth of cost, to realize which it is possible, having increased efficiency of business processes, she speaks.
Not for the first time
The idea to privatize "Rostelecom" was discussed last year. The first Deputy Prime Minister Igor Shuvalov then declared that considers expedient sale  of all state share in "Rostelecom" during 2013. However sale was postponed.

Elizabeth Sergina
Sheets

No. 103 of 10.06.14