21 Feb 2011 14:02

State turns down golden share in Rosgosstrakh

MOSCOW. Feb 21 (Interfax) - Russian Prime Minister Vladimir Putin has signed an order, which cancels out the Russian Federation's special right for involvement in the management of OJSC Rosgosstrakh (a golden share).

The order was signed on February 15 and is the final phase of the state's exit as a shareholder in the insurance company. The state share packet was earlier sold.

The state owned 25% plus four shares in Rosgosstrakh for many years. Following an additional share issue, this packet shrank to 13.1%, which was sold for 8.7 billion rubles to the company's private shareholders. According to unofficial reports, brothers Danil and Sergei Khachaturov, are these private shareholders.