The new owners of the business that left Russia will have to place 20% of the shares on the stock exchange
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The new owners of the assets of a foreign company that has left the Russian market will have to place 20% of its shares on the stock exchange if they bought them at a discount. The decision on this was made by the commission and subcommittee on control over the implementation of foreign investments. This was announced by Finance Minister Anton Siluanov to the newspaper “News”.
“Thus, we plan to stimulate the financial market by creating new investment opportunities, including for citizens,” said Mr. Siluanov.
This proposal was made by the head of the Central Bank Elvira Nabiullina in mid-May. In her opinion, this would provide a variety of tools for investors. She noted that this issue is within the competence of the government commission for the control of foreign investment, which allows such transactions.
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