Lenergo Tender Postponed

The sale of a 1.65% share packet in AO Lenergo, owned by the city, has been postponed from 30 September to a later date.

<BR>The sale of a 1.65% share packet in AO Lenergo, owned by the city, has been postponed from 30 September to a later date.<BR>Receipt of applications has been extended until 16 November. According to specialists at the St Petersburg Property Fund, the extension of the sale schedule is primarily connected with the economic situation.<BR>The given shares are the remains of a 16.97% share packet presented for sale in December last year. Then, 15.32% of shares were sold at the starting price of 5000 old roubles each.<BR>The state raised 687.5bn roubles with the sale. Fund specialists could not say whether the starting price would be changed for this sale.