I will buy shares of JSC "Rusnano"
The State Duma is corporatizing Rusnano: 100% of the shares will be transferred to the stateNEWSru
The State Duma adopted on Friday in the first reading a bill on the reorganization of the Russian Nanotechnology Corporation (Rusnano) into an open joint stock company, ITAR-TASS reports.
The document defines the procedure for making a decision on reorganization, formation of the authorized capital of the created JSC, as well as other issues related to the change in the status of the corporation. It is envisaged that 100% of the shares of the OJSC will become the property of the Russian Federation. Further disposal of shares by the state will be carried out in accordance with the current legislation.
In addition, the initiative determines that during the reorganization, the norms of the Civil Code of the Russian Federation concerning the rights of creditors to submit claims for early fulfillment of Rusnano's obligations cannot be applied. Such provisions are aimed at ensuring the financial stability of the Russian-funded corporation and respecting the rights and interests of Rusnano's creditors.
The reorganization will be considered completed, and the corporation will cease its activities from the moment of state registration of the created new joint stock company. It is assumed that the reorganization of the corporation should be completed during the fourth quarter of this year.
Recall that by the end of May, the head of Rusnano, Anatoly Chubais, said after a meeting with representatives of Western venture funds that the company could place shares on the stock exchange after corporatization no earlier than in 2013-2014.
"Following the corporatization, which should take place by January 2011, we are considering various opportunities to increase capital. One of such opportunities is placement on the stock exchange," Chubais said.
He stressed that no decisions on the placement have been made yet, this is considered as one of the opportunities to attract capital of "smart money". "In any case, this may not happen before 2013-2014," he said. The Rusnano State Corporation should cease to exist, President Dmitry Medvedev also confirmed at a meeting with the heads of US venture funds who are in Russia at the invitation of Rusnano and the American Business Association of Russian-speaking Professionals AmBAR.
"This is a good structure, but I would not exaggerate its capabilities and influence," the president said. – If the nanotechnology sector starts to live its own life, why do we need such large infrastructure companies?".
Rusnano should resign, according to the president, after "honourably fulfilling its duty." The President is pleased with how highly investors have appreciated the activities of the Russian Nanotechnology Corporation. However, in the future, the powers of the state corporation should be transferred to companies with private capital.
Earlier, Dmitry Medvedev has already criticized the form of state corporations, calling it "unpromising." In February of this year, the Ministry of Economic Development developed a plan for the reorganization or liquidation of such organizations. And the company headed by Anatoly Chubais is one of the first in this regard.
Portal "Eternal youth" http://vechnayamolodost.ru04.06.2010