With the Russian economy in trouble president Vladimir Putin has this week summoned the heads of a number of leading state-owned firms, including the country’s top shipping line, Sovcomflot, to the Kremlin for urgent talks of quick fire privatisation deals.
The line is joined by the likes of Rostelecom, Transneft, Aeroflot, Rosneft and Russian Railways in being on Putin’s privatisation drive.
An IPO for Sovcomflot could take place later this year. The current fleet of Sovcomflot numbers 142 vessels, totalling 12.4m dwt.
Russia’s gross domestic product declined by 3.7% in 2015, the state statistics service said on Tuesday – the nation hit hard by the slump in oil prices.