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2007 September 12   08:00

OSK’s authorized capital is 1.098 billion rubles

The authorized capital of the United Shipbuilding Corporation has been formed, Shipbuilding.ru reports. At the decision of the governmental commission on integrating the enterprises of the shipbuilding complex of the Russian Federation it was fixed at the level 1,098 billion rubles. The commission also generally approved the draft articles of association of the OSK and a standard article of association of the daughters.

The purpose of the OSK is to increase the manufacture of civil ships in Russia by uniting the stocks of the large shipbuilding companies belonging the state. It is not excluded that in the further in it encompass private companies. Now 100% of the shares of OSK belong to the state.

As it was informed earlier the shipbuilding corporation is divided into three holdings: Western center of shipbuilding with the center in St.-Petersburg, Northern center of shipbuilding in Severodvinsk and the Far East center of shipbuilding in Vladivostok. The authorized capitals of the three daughters will make 68,732 million, Northern - 116,992 million rubles. The sum for the Far East center will be determined in the near future.

Earlier the Minister of Economic Development and Trade Herman Gref revealed the plans of bringing the shares of the shipbuilding and aviation state holdings to the stock exchanges after completing the procedures of forming their authorized capitals.

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