AO Russian Post is Created

01.10.2019

On October 1, 2019, an entry was made in the Unified State Register of Legal Entities on the AO Russian Post formed by the reorganization of the FGUP Russian Post. 100 % of AO Russian Post shares in the number of 15 753 199 are credited to the personal account of the Russian Federation represented by the Federal Agency for State Property Management. The rights of the shareholder of AO Russian Post on behalf of the Russian Federation will be exercised by the Federal Agency for State Property Management.

All reorganization procedures were carried out on time in accordance with the Federal Law 171-FZ, dated 29 June 2019, "On the peculiarities of the reorganization of the FGUP Russian Post, on the basics of AO Russian Post and on amending certain legislative acts of the Russian Federation".

In order to create AO, the Federal Agency for State Property Management, together with FGUP Russian Post, carried out work aimed at registration of titles to real estate of the Russian Post among other things. This work resulted in the approval by the Government of the Russian Federation of the transfer deed of FGUP Russian Post property complex to be transferred to AO Russian Post.

Government Executive Order 2132-r, dated 20 September 2019, approved the deed of transfer and the Charter of AO Russian Post, which defines the authorities of its management and its controlling authorities.

In future, the Federal Agency for State Property Management will continue working on registration of property titles to real estate occupied by postal facilities not included in the first tranche, and on their introduction as an additional contribution of the Russian Federation to the authorized capital of created AO Russian Post.