02 June 2004 23:45
Bendukidze plans to transfer OMZ shares to trustee
MOSCOW. June 2 (Interfax) - Kakha Bendukidze, chairman of the board of Russia's OMZ - Obedinennye
Mashinostroitelnye Zavody, formerly United Heavy Machinery - who has been appointed as Georgian economics minister,
plans to transfer his stake in the company to a trustee manager.
"I plan to transfer my shares to trustee management, but I have not yet decided to whom," he said at a
press conference.
He also said that he has signed a request to members of the OMZ
board of directors to relieve him of his duties as chairman. "I
Bendukidze confirmed his plans to sell his stake within three years. "I would like to receive the maximum amount
of money for this packet of securities," he said.
consider it inadmissible to be a member of the board of directors while being an official in this or another
country," Bendukidze said.
Bendukidze owns about 25% of OMZ. [RU EUROPE ASIA EEU EMRG MAC MRG STX GG] rd <>
[Interfax] |
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