Following the meeting with first Deputy Prime Minister of Russia Igor Shuvalov on the issue of privatization of the UGC, Ministry of economic development, Ministry of agriculture and the Ministry of Finance is mandated to determine the price of state-owned companies, and to explore the possibility of selling it to a consortium of "Sum" Ziyavudin Magomedov and the FUND, which may reach 10%.

The ministries also requested by June 5 to submit proposals for the transfer of functions of the state agent on carrying out of grain interventions with another company, writes "Agroinvestor".

UGC performs the function of state agent since its inception in 2007. 2012-present Summa owns 50% minus one share in UGC.

Photo: exp.idk.ru