Ragulay postpones sale of LLC Izobilie to Jan 18
ROSTOV-ON-THE-DON. Dec 27 (Interfax) - Razgulay Gorup has postponed the sale of LLC Izobilie (Stavropol territory, produces winter wheat, peas, sunflower and rapeseed) to January 18 2013, the group said in a press release on its website.
The bid envelopes were to have been opened on December 26 2012.
Razgulay told Interfax that the term had been postponed due to technical reasons.
The starting price for the stake is 200 million rubles.
Razgulay started to sell non-strategic assets in 2012 and has already sold OJSC Angelinskiy Elevator, Starodubskiy Elevator, OJSC Kondopozhskiy Baked Products Combine, LLC Chelnovershiny-AgroInvest and LLC Don-Agro. Razgulay hopes to obtain around 6 billion rubles from the sale of non-profile assets and will use them to pay off loans.
