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Today: 23 February 2012

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State property agency to manage Rostelecom stake itself

24.01.2012

The Federal Property Management Agency has no intention of placing its 7.43% stake in national telecommunications operator Rostelecom into trust, the press service of the agency said, RBC Daily reported.

      The agency recently purchased this stake from state-owned Deposit Insurance Agency, which, in turn, had bought it from bank KIT Finance for RUB 50.28bn (approx. USD 1.6bn) as part of the bailout of the bank.

www.rbcnews.com/

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