Alexander Maryin: the republic does not lose anything with "Soda" joining the Bashkir Soda Company

Elvira Latypova

The republic share in the created Bashkir Soda Company will make 38 %. Bashkortostan possesses 61,65 % of shares in "Soda". 60 % of "the Bashkir soda company" goes to "Bashchim" (Bashkirian Chemistry Group), the others 2 % — to minority shareholders.

“The block of 38 %, which we will receive — will cost more than the block which we have now in the form of 60 % of one enterprise. And it is larger 10 times,” the Minister of Economic Development RB Alexander Maryin said at the press conference in Ufa on Tuesday.

The blocking shareholding will allow our republic to participate in the decision of strategic issues.

“We still define strategy of the company development, we participate in discussion of taxes matters, workplaces, average wages,” the minister noted. “Thus the block of shares belonging to us, is anyway transferred into trust management by "Bashchim". We do not lose anything. We acquire at the expense of cost growth of our share.”

Other "pluses" from the forthcoming integration, according to the head of the Ministry of Economic Development RB, are solution of several resources matters and access to the new markets. The optimum solution of resources problem by Alexander Maryin is development of the Karansky Deposit.

"Bashchim" plans to unite under supervision of Bashkir Soda Company "Soda" and "Kaustik" (Sterlitamak, Bashkortostan Republic), transport company "Transneftekhim" (Moscow) and Bereznikovsky Soda PLant (Berezniki, Perm Region). It is supposed that the incorporated company will become the fourth in the world on manufacture of soda ash (4 % of world production, about 2,3 million tons a year).

#soda #reorganisation #shares

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