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Karelia announces new auction for Pitkyaranta

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Published in issue 41/2011
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The Russian Republic of Karelia has offered for auction sale a 10 % stake in the pulp producer Pitkyaranta. The authorities placed the minimum value of the share package at RUB33.9m - around €9.2m. Interested parties may submit a bid by 26 October.Karelia repeatedly tried to sell shares in Pitkyaranta as early as ...

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