Crimea puts Massandra winery for sale at starting price of 5.3 bln rbl

SIMFEROPOL, Nov 18 (PRIME) -- The government of Crimea has put up shares of large winery Massandra for an auction with a starting price of 5.3 billion rubles, as seen by PRIME late on Tuesday in the materials of the Unified Electronic Trading Facility.

Massandra, with a capital of  3.6 billion rubles, was earlier included in the Russian government’s privatization plan for 2020. The government later transferred shares of the winery to Crimea..

The auction will be held on December 14, and the deadline for submission of bids is December 8. The bid increment is 26.5 million rubles, or 0.5% of the initial price.

(76.2530 rubles – U.S. $1)

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