Russian pitch lists drawn up for privatisation work

MOSCOW: The Russian Federation is in the process of hunting for PR advice for its next round of privatisations, due later this year.

MOSCOW: The Russian Federation is in the process of hunting for PR

advice for its next round of privatisations, due later this year.



The European Bank for Reconstruction and Development has granted a loan

to the Russian government to fund technical advice from consultants such

as PR firms and investment banks to support the privatisation of 10

companies including oil firm LUKoil and telecom company Svyazinvest. The

sell-offs are expected to raise around pounds 1.8 billion.



Agencies such as Burson-Marsteller and Hill and Knowlton are known to

have expressed an interest in pitching for the work.



The first stages of the PR work will start in September The closing date

for agency submissions was late last month and the Russian Privatisation

Centre is now in the process of drawing up pitch lists.



The appointed agencies will give advice prior to and during the

privatisations, with each project lasting between two and three

months.



The Russian government is selling off parts of gas, oil and telecom

companies in a bid to make up for heavy debts partly caused by poor tax

collection.



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