Privatisation of MMK shares
For the privatisation of the Russian steel producer Magnitogorsk Iron and Steel Works' (
MMK) 17.8% stakes will be transferred by the government to the country's Privatisation Fund which will be auctioned in the next few months.
For the moment it is not clear which parties will make a bid for
MMK. However,
MMK management, who is creating a new management in Moscow to transfer its 56% shares and Yuzhniy Kuzbass and the associated parties are reported to be interested to make a bid for
MMK shares. The exact bidders will be announced later by the Privatisation Fund in a 45 day period.