Russian Property Agency Announces Repeat Auction for UGLD Group
Russia's Federal Property Management Agency (Rosimushchestvo) has announced a repeat auction for the sale of the UGLD group, with applications due by June 9. The auction will be considered valid even if only one buyer participates.
UGLD
Rosimushchestvo has announced a repeat auction for the sale of the UGLD group, a Russian gold mining company. The application deadline is set for June 9.
According to the announcement, the auction will be deemed valid if at least one buyer submits a bid, lowering the threshold from previous requirements. The move suggests efforts to expedite the sale of the asset.
Source: MarketTwits