KHAKASIA-INFORM. On Wednesday, November 10, the Property Fund of the Republic of Khakasia will hold an auction to release into private hands shares that are listed on state books. The republican government intends to sell its 25% stake in Bank of Khakasia, which commands 10% of the republican banking market.
Precisely, 74,013,000 common registered non-documentary shares that constitute 25.01% of the bank’s charter capital will be put up for sale. The initial bid is Rub 92.1 mln.
The bid increment will be Rub 4.60 mln and it equals 5% of the announced initial price of the property put up for sale and will remain unchanged throughout the auction. Previously no auctions were conducted to sell shares held by the Republic of Khakasia.
