The Russian Ministry of Finance advocated reducing the state’s stake in state-owned enterprises from a controlling stake to a blocking stake. This is reported by TASS with reference to Deputy Finance Minister Alexei Moiseev.
Author:
https://rb.ru/author/ntihonov/
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According to Moiseev, in the West, with the exception of some companies in Germany or Italy, the concentration of shareholders is extremely low, a 5% stake is considered “almost already a controlling stake.” The vice minister considers it necessary to “move in this direction.”
“Evidently, this hardly applies to most state-owned companies; the State will surely want to have a controlling stake there. But we in the Ministry of Finance believe that this may be a blocking participation, not a controlling one, and certainly not 100%,” Moiseev said.
The department is analyzing the list of companies where the State has 100% or 75% and will evaluate the viability of having such shares, the official added.
Moiseev also suggested that in 2025 many companies with state participation that refused dividends due to the pandemic and sanctions will pay again.
On October 18, the deputy director of the Ministry of Finance announced that the department expects IPOs and SPOs of ten companies with state participation by 2030.
State corporation Dom.RF has already announced plans to hold an initial public offering (IPO) in the second half of 2025. Moiseev previously called this “a milestone for the Russian financial market,” as the company “obtains excellent ROE ” and pays “good dividends.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
