MOSCOW, October 12 (RIA Novosti) - The Russian Federal Property Fund (RFPF) will sell an 8.11% stake in Rostselmash at an open auction on November 17, 2005, the official RFPF website said Wednesday.
The initial offering price of the share package is $5.58 million.
Rostselmash is the largest manufacturer of agricultural equipment in the Commonwealth of Independent States (CIS), with turnover exceeding $330 million.
According to RFPF data, the company's debt to the state budget was $344,316 as of June 30, 2005.
New Commonwealth holding owns about 85% of Rostselmash stock.
