A bill was submitted to the State Duma that would allow regional companies to register for an IPO, - RBC.
According to the law, it is currently impossible to sell regional shares in companies through organized tenders. The bill should change that.
Decisions on the sale of the Republic's share in the company will be made by the head of the region.
In contrast to "traditional" forms of privatization, placing shares on the stock exchange will make it possible to attract funds from private investors, mainly citizens, directly to the authorized capital of companies with state participation while maintaining them for the constituent entity of the Russian Federation, the explanatory note to the bill reads.
The Ministry of Finance has previously said that the regions are "actively looking" towards IPOs.