Three banks submitted bids for the privatization of 20% of the largest port of Russia

“VTB Capital”, Alfa-Bank and Sberbank CIB has applied to sell 20% of shares of PJSC “Novorossiysk commercial sea port”, which is now owned by the government. The privatization plan provides for their transfer to private investors in 2017.

The desire to “VTB Capital” and Alfa-Bank to participate in the privatization of the reported “Interfax” with reference to anonymous sources. The press service of Alfa-Bank confirmed RBC fact of filing. A letter of invitation came in the first half of October, and the deadline expired on 28 October, said the Bank.

“Overall in the last five years, Alfa-Bank organized a total of 12 transactions totaling over $1.63 billion” — are in received by RBC press release words of the head of Department on work with enterprises transport of Alfa-Bank Mikhail kiryushkin. The Bank recalled that among the implemented Bank projects — privatization of state-owned airline “Siberia” in 2013.

The application of “VTB Capital” to the organization of the privatization of the NCSP confirmed a source knowledgeable about the negotiations. In the VTB declined to comment. Another source confirmed RBC apply for another major Bank — Sberbank CIB. The press service of Sberbank CIB declined to comment.

The Ministry of economic development, which oversees the Agency, on October 26 reported that shares of NCSP is included in the privatization plan for 2017. The newspaper “Vedomosti” on 28 October, citing sources reported that the government may sell their shares of NCSP at the same time with a package of Transneft JSC, which in total owns 35.5 percent of NCSP.