Russia in Talks to Privatize Sovcomflot, Its Largest Shipping Company -Report

With a fleet of 149 vessels with a combined deadweight of 13,123,594 tonnes, Sovcomflot, part of SCF Group, is Russia’s largest shipping company. Photo: SCF Group

MOSCOW, Aug 1 (Reuters) – Russia is in talks with Asian investors on the privatisation of state shipping company Sovcomflot, the RIA news agency cited Russian First Deputy Prime Minister Igor Shuvalov as saying on Tuesday.

The government does not rule out other forms of the company’s privatisation apart from an initial public offering, the agency quoted Shuvalov as saying. (Reporting by Gleb Stolyarov; Writing by Dmitry Solovyov; Editing by Maria Kiselyova)

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