Auction for sale of stake in «SMP GROUP» LLP did not succeed

Auction for sale of stake in «SMP GROUP» LLP did not succeed

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14 September 2016

Dutch electronic auction on realization of 26% stake in «SMP GROUP» LLP did not succeed because less than 2 potential bidders registered for participation.  

 «SMP Group» LLP is part of «NC» Kazakhstan Engineering» JSC group. Currently the company for repair of equipment and machines does not operate.

 The starting price is 305 146 tenge.

 It should be noted that the first electronic auction according to the English rule scheduled for August 16 also did not take place because less than 2 participants registered for the bidding