Russian govt nominates four independent candidates to DOM.RF supervisory board

MOSCOW. March 23 (Interfax) - The Russian government has nominated four independent candidates to the supervisory board of DOM.RF, with a corresponding directive published on Friday on the official online portal of legal information.

DOM.RF held an IPO in November last year, with a base fundraising of 25 billion rubles. Following the placement, the state's share in the company's capital decreased from 100% to 89.9%. A 10.1% stake in DOM.RF is in free float.

The list of candidates from Russia includes the deputy prime minister and the head of the government office, Dmitry Grigorenko; Deputy Prime Minister Marat Khusnullin; Construction, Housing and Utilities Minister Irek Faizullin; Deputy Finance Minister Alexei Moiseyev; First Deputy Economic Development Minister Maxim Kolesnikov; Territorial Development Fund General Director Vasily Kupysin, and DOM.RF General Director Vitaly Mutko.

Nominated as independent directors to the supervisory board were the president of the National Association of Builders, Anton Glushkov; Maxim Stepanov, the general director of the Moscow Residential Development Renovation Fund; Azer Talybov, former deputy economic development minister, and Vladimir Shapovalov, the dean of the Faculty of International Business at MGIMO.

DOM.RF is a financial institution for development in the housing sector; it was established in 1997 under the name Agency for Housing Mortgage Lending by a decree of the Russian government to assist in the implementation of state housing policy.