JPMorgan Chase, GoldmanSachs and Deutsche Bank are being considered to oversee the process, theEconomy Ministry says.

According to Bloomberg Deputy Transport Minister Viktor Olersky has indicated thelisting will finally go ahead this year or early next.

TradeWinds reported in February that Sovcomflot was “first inline” among state-owned assets to be floated.

“The first asset to be sold willprobably be Sovcomflot because the company was ready for privatisation alreadylast year,” said Alexei Uvarov, director of the ministry’s property department.

Russia