Lukashenka ready to sell «Integral» to Russians

• 29.10.2007, 12:36

Aliaksandr Lukashenka doesn’t exclude the possibility to sell the control stock of Science and Production Association “Integral” to Russian Joint-Stock Financial Corporation Sistema. He declared it today on the meeting with chairman of Board of Directors of this corporation Vladimir Yevtushenkov.

“Maybe, we will decide not to hold the control stock, the main thing is that people won’t be thrown out on the streets”, - Lukashenka declared.

In general, Lukashenka confirmed that the Belarusian side is interested in the cooperation with Sistema holding company in a number of directions. “We need investments for technical reequipment and modernization of production, development of the social sphere”, - Lukashenka said.

Note of Charter’97 press center:

Joint-Stock Financial Corporation Sistema is the largest holding in Russia, uniting the core groups in the spheres of telecommunications and high technology. Sistema founder Vladimir Yevtushenkov, headed the Moscow Science and Technology Committee in 1990-th, has close ties with Russian capital’s mayor by his marriage with Elena Baturina’s sister (Elena Baturina is Yuri Luzhkov’s wife). So, the fact that the holding began with the business in building sphere in Moscow is not an occasional one. Sistema-Hals, Sistema’s structures for a short period of became one of the leader of the developer market in Russia. But the company owner went further, and began to invest money to telecommunication and microelectronics. Now Sistema’s prosperity is based on good eveloping dynamics of the largest in their spheres communication companies: MTS (Mobile TeleSystems), MGTS (Moscow City Telephone Network), Comstar UTS. Created under the aegis of Sistema Zelenograd company Sitronics is the largest technology company in Eastern Europe. Sistema, owning large block of shares in Bashkiria enterprises of fuel and energy complex, has serious plans in oil refinery.