OREANDA-NEWS. August 7, 2007. In 2008 Rosgosstrakh employees will become its co-owners. They will buy part of a stock package of the company. This decision was made at the last AGM, head of the company Danil Khachaturov said. The sale of Rosgosstrakh or its part to investors is not considered. The company wants its employees and agents to become partners in common business.

The sale of stocks will be made by closed subscription, 15% of Rosgosstrakh stocks will be offered for sale with a discount. The sale of stocks is scheduled for late 2008. After financial results of 2007 are summed up appraiser will set market price of the company and price for stocks. Rules will be set up for buyers and volumes of stocks for purchase. An employee must work at the company for some time (at least 1.5-2 years). Workforce and agents will be divided into grades, the agent of the supreme grade will be able to buy more stocks vs the inferior grade agent. The acquisition of stocks is a voluntary business.