Russia's Nizhny Novgorod (Volga) Ministry of State Property and Land Resources intends to hold a tender to sell shares in Shatky grain processing complex in mid-December.

The ministry intends to sell a stock amounting to 95,181 of ordinary registered uncertified shares, which account for 22.1 percent of the charter capital. 

The initial price is placed at RUB 311,000 (US$11,313.2). The debt of the enterprise to suppliers exceeds RUB 75,700 (US$2,754), to state funds RUB 1 million (US$36,377).