Volga | Industry, manufacturing

Volzhskaya Textile’s 19.53% put up for auction in Chuvashia

8 Jul '08
Chuvashia Property Fund is to hold an open tender to sell Volzhskaya Textile Company’s 19.53-percent stake, the republic’s Ministry of Property and Land Relations reports.

499,557,660 common shares are offered for the auction at a $0.04 face value each. The initial stake price is $12.5m.

Volzhskaya Textile Company carries out a full cycle of cotton processing. The company includes seven light industry firms in Chuvashia, Ivanovo and Kaluga Regions.
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Tags: Kaluga (46) / open tender (3) / Volzhskaya Textile Company (3) / Ministry of Property and Land Relations (0) / Chuvashia Property Fund (0) /

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