Kalashnikov, AK-47 Maker, Goes Private as Russian Government Sheds Stake<br />That sale left Rostec with a majority stake in Kalashnikov, while Mr. Krivoruchko held around a quarter of the company,<br />and two other investors, Andrei Bokarev and Iskander Makhmudov, held the remainder.<br />Mr. Bokarev and Mr. Makhmudov announced on Friday that they would sell their stakes to Mr. Krivoruchko, the Kommersant newspaper reported on Friday.<br />Chemezov said that We have just finalized the decision to sell a stake of 26 percent minus one share,<br />A state holding company created early in Mr. Putin’s tenure, Rostec, has been trying to improve corporate governance at defense<br />factories and, where possible, to diversify product lines, with an eye toward selling shares to private investors.<br />Rostec has received government approval to sell a 26 percent stake in Kalashnikov, Sergei V. Chemezov,<br />the holding company’s director, said on Monday in Dubai, where he was attending an air show.<br />Together, the two sales will give Mr. Krivoruchko control of Kalashnikov, with about a 75 percent stake in the company.
