coordination of the sale of shares

Yakutia has not changed its plans and has no plans to privatize its shares in ALROSA, told RIA Novosti the head of Yakutia Yegor Borisov on the sidelines of the International Forum "The Arctic: Territory of Dialogue,".
"With regard to Alrosa, the point is that it is controlled by the state, because there is an agreement by which a controlling stake is up to the state under the joint jurisdiction of the Russian government and the government of Yakutia. Our 25% plus one share are protected by law, so we do not plan to privatize them. Its part of the plan is not to privatize. Districts also attached to this law, 8%, so it is very difficult, "- Borisov said.
At the beginning of July 2016 in the framework of privatization were placed 10,9% stake in ALROSA.
The forecast plan of privatization in the years 2017-2019, approved by the previous government, is to reduce the share of Russia in Alrosa to 29% plus 1 share of the coordination of the sale of shares owned by the Republic of Sakha (Yakutia) and the municipal property.
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