Russian Government Fails to Sell Seized Gold Miner Stake at Auction

A government auction in Russia failed to sell a majority stake in Yuzhuralzoloto Group of Companies, which was seized from a billionaire lawmaker, after no bids were submitted.

18 May, 13:12 — 18 May, 13:12

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Moscow TimesMostly Factual14d ago

Government Auction Fails to Sell Majority Stake in Gold Miner After No Bids Submitted

Russia seized billionaire regional lawmaker Konstantin Strukov’s stake in Yuzhuralzoloto Group of Companies and affiliated firms last July on allegations that he had illegally taken control of the company by using his position in government.

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Russian Government Fails to Sell Seized Gold Miner Stake at Auction

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Government Auction Fails to Sell Majority Stake in Gold Miner After No Bids Submitted

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