UGC State-Confiscated Stake Auction Fails Due to Lack of Bids

Deep News16:42

The Russian state auction website announced on the 18th that the public auction for part of the state-confiscated shares of the major gold producer UGC has been declared invalid as no bids were received within the stipulated period.

The subject of this public auction was the 67.2% stake in UGC previously held by Russian businessman Konstantin Strukov. UGC is one of the top ten gold mining companies in Russia, and the latest valuation of this stake is 140.43 billion rubles. The Russian state auction website confirmed the invalidity of this tender. Currently, Russian authorities have not yet clarified whether they will prepare to initiate a new round of auction procedures.

In July last year, a Russian court ruled to confiscate the aforementioned stake held by Strukov and transfer it to state ownership. Russian prosecutors had previously accused him of acquiring related assets through corrupt means. Earlier this month, the Russian Federal Agency for State Property Management officially listed assets held by Strukov, with a total estimated value of about 162.02 billion rubles (approximately $2.22 billion), for auction. It is reported that Strukov has not yet been formally charged or detained.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1197508285?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-18 16:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1197508285","market":"nz","top_or_hot":-1,"title":"UGC State-Confiscated Stake Auction Fails Due to Lack of Bids","media":"Deep News","content":"<p>The Russian state auction website announced on the 18th that the public auction for part of the state-confiscated shares of the major gold producer UGC has been declared invalid as no bids were received within the stipulated period.</p>\n<p>The subject of this public auction was the 67.2% stake in UGC previously held by Russian businessman Konstantin Strukov. UGC is one of the top ten gold mining companies in Russia, and the latest valuation of this stake is 140.43 billion rubles. The Russian state auction website confirmed the invalidity of this tender. Currently, Russian authorities have not yet clarified whether they will prepare to initiate a new round of auction procedures.</p>\n<p>In July last year, a Russian court ruled to confiscate the aforementioned stake held by Strukov and transfer it to state ownership. Russian prosecutors had previously accused him of acquiring related assets through corrupt means. Earlier this month, the Russian Federal Agency for State Property Management officially listed assets held by Strukov, with a total estimated value of about 162.02 billion rubles (approximately $2.22 billion), for auction. It is reported that Strukov has not yet been formally charged or detained.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UGC State-Confiscated Stake Auction Fails Due to Lack of Bids</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUGC State-Confiscated Stake Auction Fails Due to Lack of Bids\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-05-18 16:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The Russian state auction website announced on the 18th that the public auction for part of the state-confiscated shares of the major gold producer UGC has been declared invalid as no bids were received within the stipulated period.</p>\n<p>The subject of this public auction was the 67.2% stake in UGC previously held by Russian businessman Konstantin Strukov. UGC is one of the top ten gold mining companies in Russia, and the latest valuation of this stake is 140.43 billion rubles. The Russian state auction website confirmed the invalidity of this tender. Currently, Russian authorities have not yet clarified whether they will prepare to initiate a new round of auction procedures.</p>\n<p>In July last year, a Russian court ruled to confiscate the aforementioned stake held by Strukov and transfer it to state ownership. Russian prosecutors had previously accused him of acquiring related assets through corrupt means. Earlier this month, the Russian Federal Agency for State Property Management officially listed assets held by Strukov, with a total estimated value of about 162.02 billion rubles (approximately $2.22 billion), for auction. It is reported that Strukov has not yet been formally charged or detained.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4535","symbol_name":"淡马锡持仓","start_time":0,"source_url":"","article_id":"1197508285","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197508285","pubTimestamp":1779093767,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"The Russian state auction website announced on the 18th that the public auction for part of the state-confiscated shares of the major gold producer UGC has been declared invalid as no bids were...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"159831":"黄金","159934":"黄金ETF","518880":"黄金ETF华安","BK4535":"淡马锡持仓","PALL":"abrdn Physical Palladium Shares ETF","GLD":"黄金ETF-SPDR","PICK":"iShares MSCI Global Metals & Mining Producers ETF","JNUG":"金矿指数二倍做多ETF","BK4504":"桥水持仓","GLL":"2倍做空黄金ETF-ProShares","DBC":"商品指数ETF-PowerShares DB","OUNZ":"VanEck Merk黄金股票基金","GDX":"黄金矿业ETF-VanEck","BK4588":"碎股","GOLY":"Strategy Shares Gold Enhanced Yield ETF","JDST":"金矿指数二倍做空ETF","IAU":"黄金信托ETF-iShares","SGOL":"Abrdn Gold ETF Trust","BAR":"GraniteShares Gold Shares","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","DGZ":"做空黄金ETN(德银)","GLDM":"SPDR Gold MiniShares Trust","BK4207":"综合性银行","GDXJ":"小型黄金矿业ETF(Market Vectors)","CEF":"Sprott Physical Gold & Silver Trust","IAUI":"NEOS Gold High Income ETF","KGLD":"Kurv Gold Enhanced Income ETF","IGLD":"FT Vest Gold Strategy Target Income ETF®","NUGT":"二倍做多黄金矿业指数ETF-Direxion","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","IAUM":"ISHARES GOLD TRUST MICRO","GBUG":"Sprott Active Gold & Silver Miners ETF","BTGD":"STKD Bitcoin & Gold ETF","UGL":"2倍做多黄金ETF-ProShares","RING":"iShares MSCI Global Gold Miners ETF","UYM":"基础材料指数ETF-ProShares两倍做多","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","GLDY":"Defiance Gold Enhanced Options Income ETF","XME":"金属与采矿指数ETF-SPDR","DGP":"二倍做多黄金ETN(PowerShares)","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","DZZ":"德银黄金两倍做空ETN","DUST":"二倍做空黄金矿业指数ETF-Direxion","USG":"USCF Gold Strategy Plus Income Fund","BK4585":"ETF&股票定投概念","YGLD":"Simplify Gold Strategy PLUS Income ETF","SGDM":"Sprott Gold Miners ETF","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","PHYS":"Sprott Physical Gold Trust","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","BGLD":"FT Vest Gold Strategy Quarterly Buffer ETF","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","AAAU":"Goldman Sachs Physical Gold ETF"},"translate_title":"UGC国家没收股份拍卖因缺乏投标而失败","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"159831":1,"159934":1,"518880":1,"CEF":1,"NUGT":1,"MGCmain":1,"QOmain":1,"SGCmain":1,"GOLY":1,"BTGD":1,"BGLD":1,"SHNY":1,"GCmain":1,"JDST":1,"GLD":1,"JNUG":1,"DULL":1,"PHYS":1,"GLTR":1,"1OZmain":1,"GLDM":1,"GDXJ":1,"IAUI":1,"UGL":1,"DBC":1,"KGLD":1,"DGP":1,"GDXY":1,"USG":1,"FGDL":1,"PALL":1,"IGLD":1,"DZZ":1,"DGZ":1,"SGUmain":1,"GLDY":1,"GOAU":1,"OUNZ":1,"GDX":1,"GDXD":1,"AAAU":1,"IAUM":1,"RING":1,"SGOL":1,"IAU":1,"UYM":1,"PICK":1,"YGLD":1,"GBUG":1,"BAR":1,"BEGS":1,"GDXU":1,"GLL":1,"SGDM":1,"XME":1,"DUST":1},"content_text":"The Russian state auction website announced on the 18th that the public auction for part of the state-confiscated shares of the major gold producer UGC has been declared invalid as no bids were received within the stipulated period.\nThe subject of this public auction was the 67.2% stake in UGC previously held by Russian businessman Konstantin Strukov. UGC is one of the top ten gold mining companies in Russia, and the latest valuation of this stake is 140.43 billion rubles. The Russian state auction website confirmed the invalidity of this tender. Currently, Russian authorities have not yet clarified whether they will prepare to initiate a new round of auction procedures.\nIn July last year, a Russian court ruled to confiscate the aforementioned stake held by Strukov and transfer it to state ownership. Russian prosecutors had previously accused him of acquiring related assets through corrupt means. Earlier this month, the Russian Federal Agency for State Property Management officially listed assets held by Strukov, with a total estimated value of about 162.02 billion rubles (approximately $2.22 billion), for auction. It is reported that Strukov has not yet been formally charged or detained.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1197508285","isCrawlerRequest":true}