Latvia's Privatization Agency said Russian LUKoil Tankers
have shown active interest in the sell-off of a 44 percent stake in Latvian Shipping.
"We have had the most active correspondence with LUKoil Tankers, which of course does not rule out other participants in the final bidding," Janis Naglis
, privatization agency director, said.
"I would not be surprised if LUKoil Tankers decided to participate in the Latvian Shipping sell-off. It has free funds and ambitious plans to increase its fleet," Naglis said.
Naglis added that the agency plans to distribute an international audit of Latvian Shipping's nine-month results to potential bidders soon.
"We hope to be able to send (the audit) out to potential bidders on December 7, with the list comprising some 46-47 entities," he said.
Interested parties have until Dec. 20 to submit bids in the privatization, with results expected on Dec. 22.
Latvian Shipping, which is 100 percent state-owned, is the world's 19th largest shipping firm in terms of tonnage and posted a first half profit of $3.99 million.