Kalashnikov, AK-47 Maker, Goes Private as Russian Government Sheds Stake
That sale left Rostec with a majority stake in Kalashnikov, while Mr. Krivoruchko held around a quarter of the company,
and two other investors, Andrei Bokarev and Iskander Makhmudov, held the remainder.
Mr. Bokarev and Mr. Makhmudov announced on Friday that they would sell their stakes to Mr. Krivoruchko, the Kommersant newspaper reported on Friday.
Chemezov said that We have just finalized the decision to sell a stake of 26 percent minus one share,
A state holding company created early in Mr. Putin’s tenure, Rostec, has been trying to improve corporate governance at defense
factories and, where possible, to diversify product lines, with an eye toward selling shares to private investors.
Rostec has received government approval to sell a 26 percent stake in Kalashnikov, Sergei V. Chemezov,
the holding company’s director, said on Monday in Dubai, where he was attending an air show.
Together, the two sales will give Mr. Krivoruchko control of Kalashnikov, with about a 75 percent stake in the company.