Energia Could Be On Stock Exchange In Five Years

LAUNCH PAD

Moscow (SPX) Dec 01, 2005
Russian spacecraft manufacturer Energia could go public within the next five years, a leading business daily reported the company's president as saying last week.

"That's in the plans, but we should make the company attractive to investors first," Nikolai Sevastyanov said in Thursday's edition of Vedomosti.

He said the government would have a controlling block of shares in Energia, which, "being the head company of Russia's space industry, has strategic importance to the state."

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Khrunichev Space Center Head Dismissed

Moscow, Russia (SPX) Nov 29, 2005
Alexander Medvedev, the director-general of the Khrunichev Space Center has been dismissed, the center said in a news release Monday, reports RIA Novosti.

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