02 June 2004 17:13
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.
Bendukidze confirmed his plans to sell his stake within three
years. "I would like to receive the maximum amount of money for this
"I plan to transfer my shares to trustee management, but I have not yet decided to whom," he said at a
press conference.
packet of securities," he said.
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 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.
[Interfax] |
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