Jun 01, 2005. /Lesprom Network/. Nizhny Newsprint Holdings (Cyprus) consolidated 98.98% of Volga shares (Nizhny Novgorod region, Russia). According to thr list of shareholders of Volga, of 98.9801% of Nizhny Newsprint Holdings shares 43.9801% are nominally owned by Alfa-Bank. As reported earlier, Alfa-Bank is a nominal shareholder of 15.42% of Volga shares, 72.97% are owned by Nizhny Newsprint Holdings, 10% are owned by Volga Newsprint (Nizhny Novgorod, Russia). The stock capital of Volga is RUR 1121839 thousand, divided into 11808827 ordinary nominal shares at RUR 95 per share par value.