OREANDA-NEWS. November 28, 2011. An auction was held in Moscow to sell 100% minus one share in the Open Joint Stock Company Barnaul Wagon Repair Plant, reported the press-centre of RZD.

The auction was organised by TransCreditBank and conducted in accordance with Russian Government Decrees No. 34-r dated 18.01.2011 and No. 495-r dated 24.03.2011.

Bidding began at 868.7 million roubles and increased 38 times in steps of 10 million roubles before the stake was sold for 1.25 billion roubles to the Closed Joint Stock Company Novougol. Five applications to participate in the auction were submitted, all of which were accepted and admitted to the bidding.

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The Open Joint Stock Company Barnaul Wagon Repair Plant specialises in major repairs and overhauls on open-box cars and hopper cars for shipping grain, cement, mineral fertilisers and pellets etc.