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2011 May 30   09:57

Resort Ltd. buys a 25.5% state stake in MRS at starting price

Resort Ltd. has won the auction for the sale of state-owned shares in the Moscow River Shipping Company (MRS), the Federal Agency for Management of State Property reported. Among bidders were several companies: Euskadi Ltd., Vertical Ltd. and Joint Stock Commercial Bank "Khovansky, and a private businesswoman Inna Slivinskaya. The stock price during the bidding did not change and amounted to RUB 302,994,000.

The agency said 128,197,000 of ordinary shares in uncertificated form put up at the action (held on May 27th) represent 25.5% of the authorized share capital of the Moscow-based shipping company. The nominal value is 0.001 rubles / share. The total value of the shares – RUB 128,197.

JSC Moscow River Shipping Company provides freight and passengers transportation on Russia’s inland waterways. MRS owns and operates a fleet of about 150 cargo ships and more than 60 passenger vessels.

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