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Government Approves Privatization Plan for 2004
April 21, The Government approved state property privatization plan for 2004, elaborated by Ministry of Economic Development and Trade (MERT). Privatization is expected to contribute 30 billion rubles to the budget.
After considering the plan, drafted by MERT, Chairman of the Government Mikhail Fradkov suggested that members of the Government should approve it, which they did. MERT experts entered into the privatization plan 1915 federal unitary enterprises and 2222 state share holdings in private companies, including shares of LUKOIL (7.59%), Svyazinvest (75% minus one share) and Magnitogorsk Iron and Steel Works(17.8%).
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