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A special interregional auction to sell 49 percent of stocks in the Irkutsk region's Ust-Ilimsky timber holding company is scheduled to begin Wednesday, the Federal Property Fund and the Federal Stock Corporation said Monday.
A total of 505,862 shares -- each with a face value of 1,000 rubles (about $0.25) -- is scheduled to go on the block, with bidding to start at 20,000 rubles per share. Bids will be accepted from Sept. 6 to Oct. 6 with the sale's results expected no later than Oct. 20.
Auction to Sell 49% of Irkutsk Timber Firm
05 September 1995
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