Business peciliarities in Ukraine and Bealrus
In January 2011 the State took administrative control over a huge furniture joint stock
company "Pinskdrev" although it did not own any shares there.
In a few months after Pinskdrev, state officials made one of the main stockholders and
the director of a Belarusian big tile and sanitary engineering company Keramin to vacate
his position. After his retirement, state's share in Keramin increased from 3% to 57%.
De facto nationalization of Spartak and Kommunarka confectioneries in 2012. The
confectioneries were transformed into joint-stock companies in 1993 and 1994. The
shares were distributed among the state, private investors, and the factories' employees.
An American Marat Novikov, became the main private investor of both chocolate giants.
For years there was moratorium on sale of employees' stock introduced in 1998. In
January, 2011, the moratorium's term expired and big investors got a good opportunity
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