Russia may let state firms issue new shares - Gref

Newswire

MOSCOW, Nov 18 (Reuters) - The Russian government is considering whether to let state firms raise capital by making public placements of new shares, Economy Minister German Gref was quoted as saying on Friday. Such a change would mean that, rather than accruing to the budget, privatisations could be used to strengthen the balance sheets of state-owned companies, Gref told Izvestia daily in an interview. "We plan to scrap the ban on reducing the state's holding in the charter capital of ...

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