31 Mar 2021 16:12

Bashkortostan to control Bashkir Soda Co after receiving 38.3% ownership, control of further 11.7%

MOSCOW. March 31 (Interfax) - Russia's internal republic of Bashkortostan will control the Bashkir Soda Company (BSC), whose shares recently came under the ownership of the Russian Federation, President Vladimir Putin said during a meeting with government members.

Putin said Bashkortostan would receive ownership of 38.3% of shares from the state stake, which amounts to 95.7%, and control of another 11.7% + 1 share. The republic will thus manage the controlling stake in BSC, while Russia will remain the owner of control in the company.