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No buyers for airport

Abakan airport fails to get any bidders in government tender

Published: 10/26/1999

It seems that the auctioning of part of the Federal Property Fund's stake in OAO Airport Abakan (www.concise.org 26th August 1999) in Siberia, still has to take place, as there have been no applications for the 24% holding in the airport being offered for 20m rubles. The auction was originally to have taken place on 10th September 1999, after bids had been tendered for a 7th September deadline. The tender requires the successful bidder to clear the airport's debts to the government, reported to be Rb1.2m ($0.5m) and to invest a further $0.5m with in a month of winning the tender, plus an additional $0.8m in 2000. The report of the failed tender does not reveal what the Federal Property Fund now intends to do with its holding.

Article ID: 1019

 

 

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