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. Last Updated: 07/27/2016

Volzhanka Shares Sold

MOSCOW () -- Russia's sixth-biggest confectionery, the Volzhanka factory, has sold 45 percent of its shares in a public offering for $5.5 million, the factory's financial adviser Creditanstalt-Grant said Tuesday. The factory, located in Ulyanovsk, sold about 5.71 million shares with a face value of 1,000 rubles to Western investment funds, Creditanstalt-Grant said in a statement.