A minority shareholder of OAO Electromashina becomes the owner

A minority shareholder of OAO Electromashina becomes the owner of the blocking stake.

One of the minority shareholders of OAO Electromashina, included in OAO Scientific-Production Association NPO Electromashina (part of OAO Scientific Production Corporation Uralvagonzavod, UVZ), Alexander Shindiapin increased his stake in ordinary shares of the plant from 15.2 % to 25.29%, Electromashina official report says. According to the materials another large minority shareholder Oleg Mayorov, who owned a 10.1% stake in Electromashina, withdrew from its shareholders.