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THE MAYORALTY OF NOVOSIBIRSK BEGINS SALE OF ACTIONS OF HOTEL "NOVOSIBIRSK".

				
				
				
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THE MAYORALTY OF NOVOSIBIRSK BEGINS SALE OF ACTIONS OF HOTEL "NOVOSIBIRSK".
       Novosibirsk, on June, 11th. A/PRIME-TASS/. Committee on management
The state property/KUGI/the mayoralties of Novosibirsk declared the beginning
Sales of share holdings in total amount of the authorised capital of 44,99 percents
One of the largest hotels of a city of Open Society "Hotel" Novosibirsk "on
Commercial competitions with investment conditions. On it have informed
PRIME-TASS on Friday in KUGI.
     Competitions on sale of first three share holdings on 5 percents of the authorised
The capital / all on 29717 ordinary actions face value 100 rub/with
The starting price of 2,971 million rub for a package and the minimum investments
1,333 million rub also for a package will take place on July, 2nd, on July, 9th and on July, 16th.
      The demands acceptance for participation in competitions is defined till June, 29th on
To the first package, on July, 6th on the second and on July, 13th on the third.
      Ustavnyj the capital of Open Society "Hotel" Novosibirsk "- 59,434 million rbl.
Total area of a 25-storeyed building - 22386,4 kv m, it is calculated on 1000
Places. Aktsionirovanie hotels has begun in April, 1999 of actions of 51 percents
It is fixed for KUGI, 5 percents are distributed on the closed subscription among
Labour kollektiva. - 0-nb
//* an information Source: the Prime-TASS, 11.06.99
//* Reg. Nom. - 1090600156.63-------------------------------------------