Feb 04, 2005. /Lesprom Network/. During an urgent general meeting held by Volga (Balahninsky pulp and paper enterprise, Nizhny Novgorod region) elected KMPG (Moscow) auditor for 2004. On June, 29 2004 a Russian division of Deloitte&Touche was chosen to provide audit on the enterprise, however KMPG offered better conditions. Volga stock-capital is estimated at RUR 1.122 billion and is divided into 11.809 million ordinary shares at RUR 95 per share par value. 82.98% of shares are owned by Nizhny Newsprint Holdings Limited (Cyprus) controlled by Ost-West Group, 9.99% - Volga Newsprint (Balahna). Nominal shareholder is NBD-bank (Nizhny Novgorod) - 5.44% shares.