RUSAL owners vote for change of registration to Russia
BEIJING, Aug 2 (PRIME) -- The shareholders of Russian aluminum producer RUSAL voted for reregistration of the company to Russia from the Jersey Island at an extraordinary meeting on Thursday, according to a statement on the Hong Kong Stock Exchange.
After changing the jurisdiction, the company will attain an international status and will be able to carry foreign currency transactions without restrictions. The company will receive tax incentives, in particular, a reduction of the profit tax on the profit attained through dividends and sale of shares.
Economic Development Minister Maxim Oreshkin told reporters earlier that RUSAL and En+ could change the jurisdiction to a special economic zone near Kaliningrad until the end of 2019.