Published On: Sat, Feb 13th, 2016

Russian businessman Vekselberg considering privatization, interested in mining industry

Speaking about current prices for Russian assets he said "they look quite fair"

Chairman Renova’s board Victor Vekselberg © Alexander SherbakTASS


Chairman Renova’s board Victor Vekselberg is interested in privatization of assets, particularly in the mining industry, he said on Saturday.

“Of course (there is privatization interest), ” he said, adding that “the issue is the price.”

The businessman refused to say which assets is of interest. “Oil and gas sector definitely not, everything else will be thoroughly considered, ” he said.

When answering the question whether Alrosa falls within his interests Vekselberg said: Alrosa, yes. We’re traditionally interested in the mining industry so we’ll be thoroughly examining (it), ” he said.

Speaking about current prices for Russian assets he said “they look quite fair.” “The question is what stake will be sold, under what terms, how the company looks like from the viewpoint of mid-term prospects – it’s a complex of factors that will define our interest to assets, ” the business said.

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