Abortive outcome for Murmansk Fish Port auction

June 17, 2008 16:11

The auction for sale of 100% of shares of Murmansk Marine Fish Port planned for 3 June 2008 did not take place due to the absence of applications, according to a spokesman of Russia's Federal Property Fund.

The initial price of the port was set at RUB3.19 billion with a step of RUB100 million.

The port may become more interesting for investors as of 2009 when the government will be enforcing such important regulations as mandatory customs clearance of the entire Russian catch made in the EEZ.

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