Two working in Russia to Swiss banks – UBS and Credit Suisse – have responded to the invitation of the Russian government and have applied for participation in the first three transactions in the course of privatization of 2016, reported Reuters citing banking sources.
Proposals from the Ministry of economic development to participate in the privatization of Bashneft, ALROSA and VTB were awarded to 22 who were supposed to submit their proposals until March 21.
Most European and American banks refused, fearing accusations of violation of the sanctions regime.
Three sources told Reuters that among the applicants are UBS and CS, and the fourth was also called and Unicredit. All three banks declined to comment on this information.
Switzerland is not an EU member, however, it supported European sanctions against Russia. However, the response of the Russian sanctions on Switzerland has not spread.
The Ministry of economy was invited to participate in the privatization of Goldman Sachs, JP Morgan, Credit Suisse, Deutsche Bank, Morgan Stanley, Barclays, RBS, BNP Paribas, UBS, Citi, UniCredit, Societe Generale, BofA-ML, Raiffeisen, Sberbank CIB, VTB Capital, VEB Capital, Gazprombank, Renaissance Broker, Alfa Bank, MDM Bank and the Russian auction house.
Yesterday the Minister of economic development Alexei Ulyukayev said this week will start the second stage of enrollment for the selection of banks, proceeding from rates of their services.
“After that, recommendations on the selection of legal entities that can be involved for the organization on behalf of the Russian Federation the sale of federally-owned shares will be sent to the government for appropriate orders, “- said the press service of the MAYOR.
Representatives of the Ministry did not name the banks that have submitted applications to participate in the organization of privatization transactions, however, noted that some of them are foreign.
However, the Reuters sources believe that agent banks privatization transactions will be elected Russian banks.
In February, we will remind, the Russian Ministry of Finance has announced the first four years of the issuance of the sovereign Eurobonds for $ 3 billion. Of 25 foreign banks that have been invited to become a placement, more than 20 were rejected after the authorities of the EU and the US stated that these transactions will be treated as a violation of the sanctions regime.
In March, the sources in the Russian government told Bloomberg that the issue of Eurobonds may be cancelled or postponed indefinitely
