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December 18th, 2007
VTB to focus on infrastructure investment
Abstract:
Valery Petrov, General Director of Ingosstrakh Investitsii, estimated the government's investment in infrastructure projects (such as housing and nanotechnology projects and the construction of Olympic facilities in Sochi) at about RUR 1 trillion (approx. $40.8bn), with another RUR 1 trillion expected to come from private investors. "This will make at least RUR 2 trillion (approx. $81.6bn). Looking at existing state corporations, we can see that their value has increased many times over since they were founded, which is why the bank's strategy to buy shares in such companies at the beginning of their existence seems reasonable," Petrov believes. At the same time, he said it was unclear which state corporations would go public through an IPO, and whether controlling interest will be offered for sale.
Source:
eng.gazeta.kz
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