Mosvodokanal, Mosgaz to be incorporated before year-end
MOSCOW. Oct 9 (Interfax) - The process of incorporating the two Moscow city enterprises Mosvodokanal and Mosgaz will be wrapped up before the end of this year, Deputy Moscow Mayor for property and land relations Natalya Sergunina said.
"Relative to the sale of stock, there is no question now. We have yet to change the form of corporate management - unitary enterprises to stock companies," Sergunina told the press on Tuesday.
The future could bring the sale of a small stock interest in Mosvodokanal, she said. "Control [over the enterprise] will remain with the city anyway," she said.
The possibility of selling a minority stake in Mosvodokanal as a way of raising investment is not ruled out, Sergunina said. "Plus, this is a form of independent management over Mosvodokanal. A fresh view, additional control on the part of an investor," she said.
As to the prospects for the incorporation of Mosgortrans, she said, "We've not yet gotten to the process of its incorporation."