Jul 29, 2004. /Lesprom Network/. Tyumen regional department of the Federal Property Fund will hold an auction to sell 1.346182 ordinary shares of Turtas timber industry enterprise (16.24% of the stock capital), spokesperson for the regional department told Lesporm.ru. The par value of the shares is RUR 6.73092 million, the initial price of the stake is RUR 7.8 million. A total of 8.290.92 million non-documentary shares have been issued so far by Turtas. Turtas overall credit arrears were estimated at RUR 18.79 million by April, 1 2004, including the federal budget arrears – RUR 2.9 million; regional budget arrears – RUR 1.14 million; district budget – RUR 1.55 million; state non-budget funds – RUR 1.32 million; other creditors – RUR 11.86 million. The offers shall be filed beginning from July, 27 2004 till August, 23 2004.