Sverdlovsk Hotel to be sold by auction

Sverdlovsk Hotel was sold for 533.35 million RUR: 100% of the business’s stock (namely, 2,760,076 shares with face value of 10 RUR each) were put up to auction at an opening bid of 527 million RUR. The decision to sell the hotel was taken by Yekaterinburg’s municipal council in June 2007.

Sverdlovsk Hotel was sold for 533.35 million RUR: 100% of the business’s stock (namely, 2,760,076 shares with face value of 10 RUR each) were put up to auction at an opening bid of 527 million RUR. The decision to sell the hotel was taken by Yekaterinburg’s municipal council in June 2007.

Russian Prime Minister Mikhail Fradkov signed the 2008-2010 Federal Property Privatization Plan on April 29, 2007. The plan covers a number of enterprises based in Sverdlovsk Region, namely, Beloyarskoye fuel complex (8,623 shares, or 100% of its authorized capital, are to be sold by auction); Kamensk-Uralskiy fuel complex (67,700 shares, or 100% of its authorized capital, are to be sold by auction), Kamyshlov timber and fuel enterprise (172,200 shares, or 100% of its authorized capital, are to be sold by auction), IT and electronics company based in Nizhniy Tagil (22,460 shares, or 100% of

25% plus one share of the Yekaterinburg-based Grand Avenue Hotel are now put up to auction, Vecherny Yekaterinburg reports. The number of shares offered for privatization comes to 416,834.

Mechanical Works of Sukhoi Log will be sold by auction on December 25, 2006. The property put up to auction is the non-residential building at 1 Gogol St., Sukhoi Log, Sverdlovsk Region. The opening bid is 500,000 RUR, with the minimal addition to each next bid being 50,000 RUR. In order to take part in the auction, one has to apply in advance and pay the deposit of 200,000 RUR based on the signed deposit agreement as well as produce the documents filled in compliance with the Russian Federation Civil Code. The bidder who outbids everybody else will win the auction and will then be able to