News
25.08.2011
Russia: Government is ready to privatize United Grain Company
Since 2012 the Government of Russia may begin to leave the capital of OJSC United Grain Company with usage of the mechanism of “golden share". The proposal is contained in the report on privatization for the period up to 2017, directed by Igor Shuvalov, First Deputy Prime Minister of Russia, to the President.
Last autumn, I.Shuvalov said that the Government is ready to sell 100% of United Grain Company by 2013.
To date the Government owns 100% of United Grain Company. The company was established in accordance with the Decree of the President dd. March 20, 2009, for development of the grain market infrastructure, implementation of the export potential of Russian grains, realizing trading and purchasing activities on the domestic grain market. United Grain Company is the state agent controlling the public grain intervention fund.
The Government handed over stock shares of 30 companies located in 18 regions to the charter capital of the company.
