Russia to sell 25% stake in ZTBD in 2007

The Russian Federation Property Fund (RFPF) intends to sell the state-owned 25 percent stake in Large Diameter Pipe Plant (ZTBD) in 2007. The sale of the government's stake in ZTBD is outlined in Russia's provisional privatization plan for 2007. The main shareholders in ZTBD are the RFPF - 25% plus one share, Evraz's NTMK – 55.1 percent minus one share, and Gazprom -19.9 percent. The possible buyer of the state-owned stake in ZTBD may be Evraz Group, which in mid-October expressed its readiness to acquire the stake in question.