Russian Federal Property Fund announces results of auction selling share holding of Magnitogrosk crane plant

12 April 2006 (09:48)

Chelyabinsk subsidiary of Russian Federal Property Fund announced the results of the auction aimed at selling the share holding of Magnitogorskiy Kranoviy Zavod JSC. 1,821 shares (14.1% of the company’s authorized capital) had been put up to auction; TyazhmashComplex Ltd. outbid its rivals by offering 10.122m RUR (the opening bid was 9.640m RUR).

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