1 October 2012 the Auction House of the Russian Federation conducted an auction for the sale of 94.13% of shares of Polutry Farm “Chelyabinskaya” and 100% Polutry Farm “Nizhnevartovskaya” companies. The auction was organized on the instructions of the government of Khanti-Mansiisk Autonomous Okrug.

Auction results:
• 94.13% shares of Polutry Farm “Chelyabinskaya” company were not sold.
Starting price of the block of shares was 1 450 000 000 rubles (VAT exempt). No applications for participation in the auction were received.

• 100% Polutry Farm “Nizhnevartovskaya” company were sold for 37 300 000 rubles, with the starting price of 35 600 000 rubles. The starting price was exceeded by 1.7 million rubles.
Auction Winner – a physical person
Two participants bid for the lot

The Polutry Farm “Nizhnevartovskaya” company deals in farming poultry for meat and egg production. The company possesses a production capacity that affords a turn-out to the extent of 12 million eggs per year. Meanwhile the volume of the product released amounted to 13 million eggs in 2010.
The poultry farm consists of 28 buildings and structures, 5 production shops. The Poultry farm has its own motor transport service that consists of: 12 cars, 5 tractors. The company owns and uses objects of real property with an area of 13455. 9 sq. m, and structures with an area of 1 210.72 sq. m. The company owns two land plots with a total area of 75 513 sq. m, of which 7 130 sq. m. are rented out.

Summarizing the results of the auction, Andrei Stepanenko, the General Director of the Auction House of the Russian Federation, said:
“Farms - poultry farms – are some of the most difficult and specific assets that we have sold. The not entirely blameless condition of these factories significantly narrowed the circle of potential participants of the auction. However, we managed to find an investor for one of the lots – the poultry farm “Nizhnevartovskaya”. The sale took place, and we consider it an important stage in the development of the company. We did not succeed in selling the second lot – the poultry farm “Chelyabinskaya”, despite the interest showed in this asset by a number of Russian and foreign investors.
“The AHR sent the government of the Khanti-Mansiisk Autonomous Okrug a list of recommendations concerning the further realization of this object. Among the main suggestions are actualization of the market price of the shares and the sale of the asset by public offer, which is provided for by the law on privatization of the state-owned property. We will continue to exhibit the object, as we are confident that in the nearest future it will also acquire an effective owner”.