18.05.2026, 12:32
There were no people willing to buy the nationalized company in Russia
Source: OREANDA-NEWS
OREANDA-NEWS The auction for the sale of the recently nationalized controlling stake in the Yuzhuralzoloto Group (YUGK) was declared invalid due to the lack of applicants. This is evidenced by the data of the GIS "Auctions" site.
The sale, as announced at the beginning of the month, was scheduled to take place on May 18. However, not a single application was received within the required time frame. At least one bidder for the asset was sufficient to approve the trading results.
The initial cost of YUGK was 162.02 billion rubles. The vast majority of the price (140.4 billion rubles) is accounted for by 67.2 percent of the shares of PJSC GC Yuzhuralzoloto. The government has set the auction step at 3.24 billion rubles. Those who wished were also required to make a deposit of 32.4 billion rubles.
Against the background of the trading failure, the company's shares on the Moscow Stock Exchange fell by ten percent, after which a correction began. As of 11:40 a.m. Moscow time, securities are losing more than seven percent.
The court transferred the assets of YUGK, one of Russia's largest gold mining companies, to state ownership in the summer of 2025. The Prosecutor General's Office accused the former owner, Konstantin Strukov, of acquiring property using his position in government. The businessman, who has controlled the company since 1997, became a deputy of the Legislative Assembly of the Chelyabinsk Region in 2009.
A law enforcement source noted that one of the reasons for the claims against Strukov was the withdrawal of part of the income received from the business abroad and spending on luxury goods.
Earlier, Finance Minister Anton Siluanov indicated that the proceeds from the sale of YUGK would be spent on solving the priority tasks set by Russian President Vladimir Putin.
The sale, as announced at the beginning of the month, was scheduled to take place on May 18. However, not a single application was received within the required time frame. At least one bidder for the asset was sufficient to approve the trading results.
The initial cost of YUGK was 162.02 billion rubles. The vast majority of the price (140.4 billion rubles) is accounted for by 67.2 percent of the shares of PJSC GC Yuzhuralzoloto. The government has set the auction step at 3.24 billion rubles. Those who wished were also required to make a deposit of 32.4 billion rubles.
Against the background of the trading failure, the company's shares on the Moscow Stock Exchange fell by ten percent, after which a correction began. As of 11:40 a.m. Moscow time, securities are losing more than seven percent.
The court transferred the assets of YUGK, one of Russia's largest gold mining companies, to state ownership in the summer of 2025. The Prosecutor General's Office accused the former owner, Konstantin Strukov, of acquiring property using his position in government. The businessman, who has controlled the company since 1997, became a deputy of the Legislative Assembly of the Chelyabinsk Region in 2009.
A law enforcement source noted that one of the reasons for the claims against Strukov was the withdrawal of part of the income received from the business abroad and spending on luxury goods.
Earlier, Finance Minister Anton Siluanov indicated that the proceeds from the sale of YUGK would be spent on solving the priority tasks set by Russian President Vladimir Putin.
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