OREANDA-NEWS. Certain restrictions on trade of shares of the companies established during privatization were introduced recently. Since 30 July 2009 these public corporations will have the priority right to buy shares offered for sale by their shareholders, reported the press-centre of Sorainen.

Public corporations will have 5 days to accomplish acquisition of the shares from the date of either receipt of notification on intention to sell shares or placement of an offer at the stock exchange by the shareholder. In case public corporation fails to buy shares within this term, the shareholder will be able to sell shares to the third parties.

The new rule was introduced by the Decree of the President # 8 of 26 June 2009 and will be in force until 31 December 2010.