Kremlin is satisfied with Slavneft auctioning results

The Kremlin is satisfied with the results of auctioning the state shares in the Slavneft company. "We are satisfied with the way the auction was organised," a high-profile Kremlin official stated Thursday.

At the Wednesday auction, the state package of shares in the Slavneft oil company was sold for 1,860 million dollars. The shares were purchased by the INVEST-OIL structure affiliated to the Sibneft and TNK companies.

At the same time, the Kremlin believes that the state package of shares could have been sold at a higher price. "The state, as any other sailor, wanted to get as much money as possible," the source stated. He also pointed to the expert estimates of the state package of shares, which showed that "the price could have been higher than the paid 1,860 dollars."

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