The government decided to increase the authorized capital of Russian Railways by 217 billion rubles
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The Government of the Russian Federation decided to increase the authorized capital Russian Railways for 217 billion rubles. through the issuance of preferred shares, is indicated in the order of the Cabinet, which is published on the official Internet portal of legal information.
“The company has the right to place, in addition to the placed shares, 217,000,000 additional preferred shares of type B with a par value of 1,000 rubles. each for a total nominal value of 217 billion rubles,” the document says.
Earlier in November, Minister of Transport Vitaly Savelyev said that the government had made a decision on additional capitalization Russian Railways for 217 billion rubles. from the National Wealth Fund (NWF) to reduce the company’s debt burden. “It is important to carry out all activities to receive these funds before the end of this year,” he stressed.
The minister recalled that in 2022, at the expense of the National Welfare Fund, the company’s additional capitalization to finance the investment program amounted to 250 billion rubles, and the authorized capital for the development of the railway infrastructure of the Central Transport Hub was increased by 18.3 billion rubles.
As specified in Russian Railways, issue for 217 billion rubles. will be placed by closed subscription in favor of the sole shareholder of the holding – the government of the Russian Federation.
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