RUSAL owners vote for change of registration to Russia - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

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.

End

02.08.2019 08:19
 
 
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