First Non-Metallic Company
Open Joint Stock Company Russian Railways is planning to divest 75% stake less 2 shares in First Non-Metallic Company Open Joint-Stock Company through auction, Russian Railways said on December 20, 2013. The auction is held for 4.7 million shares at a starting price of RUB 4.86 billion. The auction organizer is CJSC VB 24. The Board of Directors said that intending bidders shall be Russian or foreign legal entities experienced in the production or processing of break stone products, with licenses for the production of at least RUB 1 million cubic meters of crushed stone per year for at least 5 years, and ready to deposit a bid bond in the amount of 10% of the minimum stock selling price.