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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: small letters

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Russian Government to Privatize Minority Stake in UAZ OAO-AG ReDeal

Monday, 9 Sep 2013 08:00pm EDT 

AG ReDeal reported that on September 13, 2013 OJSC Russian auction house (RAD) will hold an auction for the sale of shares of UAZ OAO. Base of the auction is the order of the Government of the Russian Federation. The total number and types of auctioned shares are 546,454,807 ordinary shares in uncertified form, representing 13.2% of the share capital of UAZ OAO. The total nominal value of shares is RUB 546,454,807. The initial stock price (the price of the original proposal) will be equal to RUB 1,012,270,000. The minimum bid price (the price of the cut-off), on which can be traded shares is RUB 506,135,000. The reduction in the initial offer price (the step of reduction) will be RUB 20,245,400. The value of the price increase (step of auction) will amount to RUB 10,122,700. Encumbrances of shares are not registered. Earlier, the Federal Property Management Agency held one auction for the sale of shares in UAZ OAO, which failed due to lack of applications from applicants for the purchase of shares. RAD also held one auction, which failed due to lack of applications. 

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