Privatization all over again

By:
Published on:

Whatever Russia's government is or is not doing, Russian companies have found their own reasons for making improvements in corporate governance and boosting shareholder value. At least one market player dubs this consolidation process reprivatization. However there is still much to be done to restore the brittle confidence of local investors and only after this has happened will foreign funds consider returning to a market which knows how to burn them. Ben Aris reports from Moscow