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Russia's defense industry

Russia's Rostec may sell 25% stake in Kalashnikov to private investors

Rostec currently holds 51% of shares in Kalashnikov Concern

© EPA Archive/YURI KOCHETKOV

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GELENDZHIK, September 26. /TASS/. Rostec is viewing an opportunity of increasing the stake of private investors in Russia’s largest small arms maker Kalashnikov Concern by 25%, Chief Executive Officer of the Russian state-owned corporation Sergey Chemezov said on Monday.

"This issue is at the discussion stage. We will make final decision by the end of the year. I believe it will be enough for us to have 25% plus one share, that is, the blocking stake. The remaining portion will be transferred to private investors," Chemezov said. The matter should also be discussed with government agencies, he added.

Rostec currently holds 51% of shares in Kalashnikov Concern. Private investors have 49% in the company’s capital.

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Russian defense industry

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