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Russia's Federal Property Fund will hold an investment tender for a 16 percent stake in NK on Dec. 15, a senior company official said. However, foreigners will not be allowed to participate in the sale, he said.
The official, who declined to be named, said bids would be accepted until Dec. 14.
He said the starting bidding price for the 114.84 million LUKoil shares to be sold was 798.6 billion rubles ($180 million).
The winner of the shares would have to transfer 20 percent of the sum, as well as 57.5 million rubles, to the property fund's account as a down payment.
LUKoil Shares Up for Sale
14 November 1995
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