Government supported the split of Transneft shares

Decision to split Transneft shares is an important step to ensure investment in the company by Russian citizens, the company's board of directors and the state supported it, said Kirill Dmitriev, head of the Russian Direct Investment Fund and a member of Transneft's board of directors. Earlier, Transneft's board of directors recommended that shareholders decide to split the company's shares 100 times. Decision of the shareholders' meeting on this issue has not been disclosed yet.