Yugoria to Be Sold by Auction on June 11

The auction aimed at selling a 100% stake in the state-run insurance company Yugoria (one of Russia’s Top 15 insurers) has been scheduled for June 11, 2012, Russian Auction House reports.

100% of Yugoria’s shares belongs to Khanty-Mansiysky Autonomous Region Yugra. The region’s government has already determined that the opening bid should come to 5.2bn RUR. The company’s authorized capital comes to 1.83bn RUR. Russian Auction House was appointed as the seller of the region’s property to private proprietors, RIA Novosti points out.

Applications to take part in the auction are already being accepted and can be submitted through June 7, 2012.


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