OJSC Russian Hippodromes is included in the federal asset privatization plan, pursuant to an executive order signed by Prime Minister Dmitry Medvedev, the Government informed.
Pursuant to President's Decree no. 1058 dated August 8, 2011 "On the open joint-stock company uniting hippodromes of the Russian Federation", the Russian Federation will contribute the property of the 27 wound-up state-owned Russian stud farms (federal state institutions) to the authorized capital of the open joint-stock company uniting the hippodromes, in payment for the additional shares to be placed by the newly established company to increase its authorized capital.
The executive order assumes that the movable and immovable property of the wound-up state-owned Russian stud farms (federal state institutions) to be contributed to the authorized capital of OJSC Russian Hippodromes in payment for the said company's additional shares meant to increase its authorized capital, shall be added to the list of other property items to be privatized in 2011-2013 of section 2 of the forecast federal property privatization plan (program) and federal property privatization guidelines for 2011-2013 approved by order no. 2102-r of Russia's Government dated November 27, 2010,.
OJSC Russian Hippodromes was established in 2011 resulting from the merger of the Central Moscow Hippodrome and 27 state-owned Russian stud farms.