Surgut will not sell its share in Surgutneftegaz in 2013
Edited by Rhod Mackenzie / 2013-04-26 11:29:10
The Surgut authorities have exclude from the plan for privatization in 2013 its shareholding of 0.0278% in Surgutneftegaz, under the decision of the budget commission by the city mayor. They concerned in the modification of the budget exclusion of the funds from stock sales from the planned results. The block of 12.083 million shares was also not included to the prospected plan for privatization for 2012. The city authorities decided then that real market price of the stocks is higher than those appeared after bidding at stock exchange.
