The Ministry for Public Property Management in Sverdlovsk Region is hoping to buy the majority holding of Mount Belaya JSC as early as 2007, Minster Alexei Molotkov announced at a recent press conference.

‘Sverdlovsk Region currently owns a 15%-share holding of this sports facility. We think we’ll have bought another 23.6% of shares by the end of the year, and we’ll probably become the majority shareholder in 2007,’ Mr Molotkov said.

The Minster also observed that they had bought 45,000 shares of Euro-Asian International Transportation and Logistics Center JSC in the first half of 2006, with face value of 100 RUR per share. The deal was worth 4.5 million RUR and resulted in Sverdlovsk Region acquiring 15% of the company’s shares.