CEO says RDIF wants faster privatization, can buy Sovcomflot stake

Prime, 23.01.2020

DAVOS, Jan 23 (PRIME) -- The Russian Direct Investment Fund (RDIF) hopes that the new government will accelerate privatization and the fund would participate in privatization of some companies, including Sovcomflot, CEO Kirill Dmitriev said on the sidelines of the World Economic Forum in Davos on Thursday.

“We expect that the new government will accelerate privatization of some planned assets. We see significant interest of our Middle Eastern and Asian partners to participation in the planned privatization,” Dmitriev said.

“We see that there are very many such interesting assets, so the RDIF and partners will participate in the privatization processes and expects that the government would decide to accelerate some privatization deals,” he said.

The privatization plan for 2020–2022 made by the old government includes seven large assets including VTB, Sovcomflot and Novorossiysk Commercial Sea Port (NCSP).