The government has identified the property for payment of additional issue of Transneft shares

The government has identified the property for payment of additional issue of Transneft shares


In the list of property included portions of the pipelines, gas storage plants and pumping in Tatarstan, land plots in Nizhny Novgorod region and Tatarstan.

MOSCOW, 4 Jan. The government of the Russian Federation defined the list of assets that will be contributed to the authorized capital of Transneft as payment placed by the company of additional shares, stated in the order, published on the official Internet portal of legal information.

The government charged in a nine-month period to ensure implementation of the relevant measures.

The document was signed by Prime Minister Dmitry Medvedev on December 26, 2015.

The order also makes appropriate changes to the plan of privatization of Federal property for 2014-2016.

In the list of property included portions of the pipelines, gas storage plants and pumping in Tatarstan, land plots in Nizhny Novgorod region and Tatarstan.

In December, the head of Department of property relations and privatization of major organizations of the Federal property Agency Vitaliy sergeychuk told reporters that the government will simplify the procedure for carrying out of additional issue of ordinary shares of Transneft in favour of the state, and then, in 2017 — the issue of preferred securities the estimated 30-50 billion rubles, which will be placed among a wide range of investors.

The authorized capital of Transneft is divided into 5 million 546 thousand and 847 shares of common stock and 1 million 554 thousand 875 “prefs” with nominal value of 1 ruble.