Russian govt approves sale of Rostec's 75% stake in Technodinamika
MOSCOW. Aug 21 (Interfax) - The Russian government has allowed Rostec to sell 75% minus one share in Technodinamika.
The directive signed by Prime Minister Dmitry Medvedev on August 16 has been posted on the Internet portal of legal information.
A total of 462,423 ordinary shares (the Technodinamika charter capital consists of 616,565 ordinary shares) will be sold "at a closed tender for no less than a market price estimated by an independent valuator."
Technodinamika designs and produces aerospace systems and hardware.