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Federal Property Management Agency has suspended the privatization of the Irkutsk Hippodrome - EastRussia | Far East

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Federal Property Management Agency has suspended the privatization of the Irkutsk Hippodrome

Federal Property Management Agency has suspended the privatization of the Irkutsk Hippodrome
Photo: pixabay.com

Privatization in relation to JSC Irkutsk Factory Stable with a Hippodrome was suspended by the Federal Property Management Agency. The Ministry and the Ministry of Economic Development of Russia plan to sell the shares of the enterprise to the investor.

The Federal Property Management Agency has already instructed the Russian auction house, which acts as the seller of Irkutsk Factory Stable with a Hippodrome JSC, to suspend privatization until the Russian government makes a final decision on this issue. The department intends to sell the enterprise to the investor with the condition that it will retain the equestrian, equestrian, tourist and scientific areas of its work and leave the available jobs. The issue of reconstruction of the hippodrome is also being considered.

Earlier, the Federal Property Management Agency put up a racetrack for sale. The initial share price is 117 million rubles. They tried to sell it in 2016, but this caused a public outcry. Various organizations sent several appeals to the country's leadership with a request not to privatize the facility; in 2017, the Federal Property Management Agency announced the suspension of the process.

Recently, the public again advocated for the preservation of the local hippodrome. About 200 people went to the rally and demanded to prevent the privatization of the object and the appearance of residential houses in its place. The hippodrome was asked to take ownership of the regional authorities, but the government explained that they did not have the right to do so.