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19.7.07

July 19. UES has allocated over $115 mln for share buyback from shareholders who oppose the reorganization.

Finamrus 19.07.2007 13:35
http://www.finamrus.com/newtopics/news0371E/default.asp
July 19. UES has allocated over $115 mln for share buyback from shareholders who oppose the reorganization. However, as a matter of fact, the power holding only expects to have shares for buyback no more than $2-3 mln...More>

18.7.07

Jul 18. Head of EDTM German Gref has urged Russian Federal Property Management Agency (Rosimushchestvo) to fulfill the 2007 privatization plan insofar

Finam 18.07.2007 13:24
http://www.finamrus.com/newtopics/news03713/default.asp
This year, we will demand fulfillment of the privatization plan in full", he said addressing a meeting of heads of the agency's regional divisions. "It is necessary to abandon the annual practice of failure to fulfill the privatization plan. There are objective difficulties which complicate privatization. However, assets are to be sold off as much as possible", Gref said as he reminded officials of the need to comply with the provisions of the RF President's State-of-the-Nation Address about releasing the state from inappropriate functions.