Business
Russian state property agency says no legal mechanism for buyout proposal to UGC shareholders
Russian state property agency says no legal mechanism for buyout proposal to UGC shareholders
About this update from Ugc
Russia's state property agency said on Thursday that there was no legal mechanism in the country's legislation for submitting a buyout proposal to minority shareholders in gold miner UGC RUS:UGLD.The agency said in statement that it was in contact with the Russian central bank, finance ministry, general prosecutor's office and UGC shareholders.