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Sistema To Bid For Russian Assets

俄罗斯亿万富翁弗拉基米尔Yevtushenkov的投资ment company AFK Sistema will place its bid to acquire Russian state assets.

    Russian billionaireVladimir Yevtushenkov’s investment companyAFK Sistemawill place its bid to acquire Russian state assets,Bloombergreports. The move comes as the country seeks to raise $38 billion in the next three years.

    Sistema intends to purchase a minimum of 25 percent stakes in midsize companies to gain access to management, including crude producerRosneftand lenderVTB Group. Including smaller companies in the privatization list will help the firm gain a controlling stake or 100 percent.

    Click here for the story fromBloomberg.

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