MOSCOW, February 26 (AVN) - The Russian government will soon consider the draft resolution concerning application of the country's special right to take part in management of open joint stock companies operating in the defence industry, an official of the Russian Property Relations Ministry said on Monday.
The draft includes the ministry's proposals concerning strategically important defence industry enterprises in which the state does not own the blocking stock of shares, Vladimir Naumenko, first deputy head of the ministry's department for state property of defence industry enterprises and military property, told the Military News Agency.
In order to influence the management of a strategically important enterprise in which the state does not own the blocking or controlling stock of shares, the government can agree on consolidated voting with other groups of shareholders or buy out the enterprise's shares to get the number necessary for a blocking or controlling stock, Naumenko said. Under the draft, the state may use a special right - the so-called golden share - in case it fails to agree with other shareholders.
Asked whether enterprises will be allowed to pay back their debt to the state's budget and non-budget funds by shares, so that the state could get a blocking stock, Naumenko said "the problem should be solved individually, taking into account the nature and volume of accounts payable."