MOSCOW, Feb 27 (Reuters) – Russia is pushing ahead with plans to sell stakes in diamond miner Alrosa and port operator Novorossiisk Commercial Sea Port as part of a privatisation drive, the State Property Agency said on Wednesday.
- Novorossiisk port stake to go on block
- Sale of stake in diamond firm Alrosa to raise $1 bln
- Question mark over Russian Railways
In 2010 Russia announced plans to raise $50 billion in five years from reducing its stakes in big companies such as oil major Rosneft and banks Sberbank and VTB .
It plans to sell a stake in diamond miner Alrosa via a share sale and is looking at either a stock placement or sale to a strategic investor for Novorossiisk, said Olga Dergunova, head of the agency, which is part of the Economy Ministry.