MOSCOW, March 31. /TASS/. The Ministry of transport of the Russian Federation supports the offer of Ministry of economic development to send to the capitalization of the Sovcomflot (SCF) of the money from the privatization of the company, said Deputy transport Ministry Viktor Olersky.

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The algorithm of transactions on privatization of shares of “Sovcomflot” should be ready by may 15

“We are for,” said he, answering the relevant question.

“The logic that we intend to sell part of the package “Sovcomflot”, then perhaps it is logical to increase capitalization to send money, or rather, will work through capitalization, through the construction of the fleet, and probably that means a more expensive package,” said Olersky.

Earlier, the Minister of economic development of Russia Maxim Oreshkin said that 25% of the funds received in the course of privatization of Sovcomflot will be directed for capitalization of the company, and 75% receive state .

At present, Sovcomflot is 100% state owned. In terms of privatization of state assets in 2017-2019 provided by the decrease in the state share in the company to 25% plus one share.

According to the head of the MAYOR, privatization can take place in the first half of 2017, but not earlier than may. He noted that the deal is purely for the purpose of financing the budget deficit, and is structured more difficult – so, in the framework of the privatization of Sovcomflot provided to issue additional shares of the company.

The government has until may 15 to present the algorithm of the transaction on privatization of shares of “Sovcomflot”, said earlier the head of Department Dmitry Pristanskov.

According to Deputy Finance Minister Alexey Moiseev, the Ministry of Finance did not support the proposal on capital increase of “Sovcomflot” at the expense of means from privatization. He explained this position by the fact that the probability of sale of VTB this year is not very large, and the Ministry of Finance expects the government “to offer to sell something else to replace the shortfall”. The Deputy Minister reminded that the proceeds from the privatization of VTB is estimated in the sum about 100 billion roubles. He has previously said that privatization of Sovcomflot, the government expects to receive about 30 billion rubles. The main organizer of privatization – “VTB Capital”, it will help Sberbank CIB. It is planned that privatization will be held on the Moscow exchange.

About the company

PJSC “Modern commercial fleet” – the largest Russian shipping company, specializiruetsya on transportation of hydrocarbons, the maintenance of offshore exploration and production of oil and gas. Own and chartered fleet, specializing in the transportation of hydrocarbons from areas with challenging icy conditions and includes 146 vessels with a total deadweight of 13 million tons. A third of these vessels have a high ice class.

PAO “Sovcomflot” is a managing company of the group Sovcomflot, which, in particular, includes SCF Arctic (includes ship-owning companies whose activity is connected with service of the Russian offshore projects, mainly in the Arctic) and PJSC “Novorossiysk shipping company” (“Novoship”, which included the Sochi sea trading port).