Sovcomflot still 'high on privatisation list'

Volatile markets remain the only barrier to Russian tanker giant Sovcomflot’s long-anticipated initial public offering (IPO).

Nikolay Kolesnikov, chief financial officer of Sovcomflot, tells TradeWinds the state-owned shipowner remains high on the government’s list of candidates for privatisation.

In an interview following the shipowner’s third-quarter results today, Kolesnikov explained: “The company is fully ready to go ahead.

"The government is still keen to continue with its policy of structural reforms and privatisation of certain enterprises under their control."

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