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News // Oil and gas worldwide

Privatization Skills

22 March 2001 , 15:03505
The SLAVNEFT managers have found the way to postpone the privatization of the company for several years to please both the state and the private shareholders. They suggest the conversion of SLAVNEFT to one united share before the company will be put up for auction. The largest shareholders of SLAVNEFT itself and its subsidiaries have recently received such a proposal. Among the largest shareholders of SLAVNEFT are RF Property Ministry (55.27%), Russian federal property fund (19.68%), Ministry of State Property of the Belarus republic (10.8%). Besides, 12.6% of its shares are controlled by the Tyumen Oil company through the friendly firms.

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