Russia picks up the pieces after Stet
Article Abstract:
The Russian state telecommunications company, Svyazinvest, is for the second time to be offered for tender during 1996, following the failure of the Italian company Stet to purchase 25% of its shares, as previously agreed with the Russian government. Stet required new licensing arrangements of the 85 Svyazinvest regional members, but this was not agreed to by the Russian Government. Economic reforms are about to take place which will incorporate these changes, although the Svyazinvest price is likely to be more than agreed to when Stet were involved in the negotiations.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1996
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Moscow considers a loan
Article Abstract:
The Russian government is considering a proposal from private sector banks for a loan in exchange for trust management of stakes in major state enterprises scheduled for privatization. The Russian Duma is concerned over the impact of banks acquiring stakes in these companies and argues that the proposal runs counter to privatization law. The scheme envisages the sale of some 7,000 companies through auctions, while other companies would have stakes transferred to banks for three years.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
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List of collateral stocks
Article Abstract:
Russia's State Property Committee is believed to have drawn up a list of stocks to be used as collateral for a bank consortium loan to the government. It is vital that this list is approved by president Yeltsin, as his influence is crucial in gaining the support of cabinet members. There have been 4,946 privatizations in Russia so far in 1995, with the total number of companies privatised having reached 117,000.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
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