. Russian Karelia Republican State Property Fund set 26.079% of Onezhsky tractor plant shares for sale (76.927 thousand shares at RUR 3 thousand par value) through public offering, with the initial price of the stake set as RUR 240.32 million, State Property Fund announced.

機械及設備

Russian Karelia Republic to sell 26.079% shares of Onezhsky tractor plant

Aug 24, 2004. /Lesprom Network/. Russian Karelia Republican State Property Fund set 26.079% of Onezhsky tractor plant shares for sale (76.927 thousand shares at RUR 3 thousand par value) through public offering, with the initial price of the stake set as RUR 240.32 million, State Property Fund announced. The stake set for sale is owned by Karelia Ministry of state property. Offer applications at the price indicated above will be admitted beginning from September, 27 tp October, 6 2004. Afterwards the price will go down. Minimal offer price is RUR 120.16 million - valid from November, 11 to December, 1 2004. The property will be acquired by the customer who files the application first. The auction to sell 26.07% of Onezhsky tractor plant shares held on August, 10 2004 by the State Property Fund of Karelia Republic failed because no applications were filed. Onezhsky has the stock capital of RUR 88.4925 million divided into 294,975 thousand nominal non-documentary shares at RUR 3 thousand par value. 51% of Onezhsky shares are owned by Inavtomarket-M (Moscow). Onezhsky tractor plant is a major regional tractor manufacturer (timber-felling, timber industry, specialized tractors and tractors for other related purposes).