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A special interregional auction to sell 21.3 percent of total stocks in the Moscow region chemical company Fosfat is scheduled to begin Wednesday, the Federal Property Fund and the Federal Stock Corporation said Monday.
In all, 56,674 shares will be auctioned off. Bidding on the stocks -- with a face value of 1,000 rubles (about $0.23) -- will start at 20,000 rubles. Bidding is scheduled for Sept. 6 to Oct. 6 with results expected no later than Oct. 20.
21.3% of Fosfat Stocks To Be Offered for Sale
05 September 1995
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