Golden Shares in Ports

Prime Minister Vladimir Putin granted the state “golden shares” in the Novorossiisk and Murmansk commercial ports, ensuring its right to participate in management after selling stakes, according to the government’s web site.

The shares will let the government veto some strategic decisions made by shareholders after the state sells 20 percent of the Novorossiisk port and 25 percent of the Murmansk port as early as this year, Vedomosti reported Tuesday. 

(Bloomberg)

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