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State sells out of Murmansk companies

Photo: portmurmansk.ru

The Russian state intends to sell its shares in a number of “strategic companies”, among them the Murmansk Shipping company (MSCO) and the Port of Murmansk.

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As BarentsObserver has reported, also shipping major Sovcomflot is likely to be on the list of the companies for sale. In addition, the state has signaled a reduction of its control over oil company Rosneft

The state’s sale of the companies is part of a new wave of privatization. A total of 240 socalled “strategic companies” will get their state ownership either reduced or nullified, newspaper Vedomosti reports with reference to Reuters.

Five shipping companies and four ports are on the list.