26.11.2013

State share package sold in the major enterprise of water transport in the Siberian region – the Irtysh Shipping Company

On 26 November, the Auction House of the Russian Federation (AHR) realized at auction a blocking share package – 25.5% - in the Irtysh Shipping Company

5 participants were registered at the auction.

Sale price – 130 million rubles (starting price 97 million rubles).

12 steps were made in the auction.

The winner of the auction was the Ob-Irtysh Logistic Company.

“We are satisfied with the results of the auction. The state share package was sold with a significant increase – 1.4 times – in the starting price. This clearly shows the effectiveness of public auctions. It will soon be a year since we began working on the realization of state share packages of federal enterprises, and despite the fact that the assets that were transferred to us cannot be called highly liquid – there is not a single controlling package among them – we positively assess the result of sale. The total result of all the deals on federal privatization is 1.8 billion rubles. The average ratio by which the price of sale exceeds the starting price is 1.2 times” (General director of the Auction House of the Russian Federation Andrei Stepanenko).

The Irtysh Shipping Company

The company was registered in 1993 in Omsk.

It is the major enterprise of water transport in the Siberian region. It transports cargo and passengers on a territory from the borders of Kazakhstan to the Arctic Ocean.

The Auction House of the Russian Federation

By decree of the Government of the Russian Federation of 31 January 2013 № 101-r, the Auction House of the Russian Federation has been given the authority to sell federal property for 36 share packages of state enterprises. All objects are included in the Forecast plan (program) of privatization of federal property for 2011-2013.

At present, share packages have been realized for 13 major state enterprises: Lenmetrogiprotrans scientific research planning and surveying institute, Radiotekhbank, Kolyma Shipping Company, Siberian scientific research and planning institute of non-ferrous metallurgy, Sevenergostroi Trust, Ulyanovsk automobile factory, Sakhalin Shipping company, KVOiT factory, the Avangard Mukomolny open joint-stock company, the Scientific research institute of metallurgic thermal technology, the Scientific research institute of the fur industry, VNIIGIDROLIZ and the Irtysh Shipping Company

Auctions have been announced for the privatization of state share packages:

11 December40.8% of shares in Kurgan Airport, starting price – 30.6 million rubles.

24 December40% of shares in Malakhovka holiday home , starting price – 41.1 million rubles.

30 January25.5% of shares in Energy Protection Firm , starting price – 187 million rubles.

11 February38% of shares in Sibgiproshakht, starting price – 102 million rubles.