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. Last Updated: 07/27/2016

Oil Tender Set

MOSCOW () -- Russia plans to hold a commercial tender for a 14-percent stake in oil trader OAO Nafta-Moskva on Dec. 30, the Federal Property Fund said in its Reforma bulletin Monday.

The starting price for the 116,110 shares, each with a nominal value of 1,000 rubles, is 66 billion rubles. The tender will be won by whomever offers the highest price for the shares.