Russian Post sees bill on conversion into joint-stock firm soon

MOSCOW, Jan 29 (PRIME) -- Russian Post expects that a bill allowing the company to convert into a joint-stock firm will be adopted sometime in March–May, CEO Dmitry Strashnov told Rossiya 24 television channel late Thursday.

“A draft bill on converting Russian Post into a joint-stock company was submitted to the State Duma last year. We hope a lot that the draft bill will be considered by the State Duma in spring and we have a chance to pass this bill,” Strashnov said.

The company itself is ready to turn into a joint-stock company, he said.

“As we are given a task to make the company competitive on a very difficult market, where a huge number of players, including Western, have presence, conversion into a joint-stock company is certainly necessary,” Strashnov said.

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