UGC shares jumped 8.9% following Rosimushchestvo's disclosure of valuation of 67.2% stake in PJSC Uzhuralzoloto put up for auction

MOSCOW. April 20 (Interfax) - The shares of UGC jumped 8.9% to 0.804 rubles per share at the start of trading on the Moscow Exchange on Monday following the Federal Property Agency's (Rosimushchestvo) disclosure of the valuation of the 67.2% stake in PJSC Uzhuralzoloto that was put up for auction.

The valuation of 67.2% of shares in the gold mining company PJSC Uzhuralzoloto Group of Companies (UGC) and other legal entities within UGC Group, whose assets were transferred to state ownership by court decision last year, has been completed, Rosimushchestvo said.

Rosimushchestvo commissioned the valuation.

The total market value of all assets is estimated at 162.02 billion rubles, including the 67.2% stake in PJSC Uzhuralzoloto Group of Companies at 140.437 billion rubles, it said.

The valuation of the remaining assets is as follows: UGC Management Company LLC (100%) - 9.124 billion rubles, Business-Aktiv LLC (100%) - 542.403 million rubles, Home LLC (100%) - 10.443 billion rubles, Arbat-City LLC (80%) - 1 ruble; Uraltranskomplekt LLC (100%) - 434.067 million rubles, Ekomodul Agrocomplex LLC (67%) - 529.802 million rubles, Sady Predgorye LLC (67%) - 477.973 million rubles, Loading and Transport Management LLC (100%) - 18.004 million rubles, and Korkinsky Excavator and Wagon Repair Plant LLC (1% share) - 13.469 million rubles.

Rosimushchestvo has prepared a corresponding draft decree of the Russian government providing for the sale of UGC Group's assets through open competitive bidding, which will be held as early as early May 2026, it said.

The bidding will be held within a shortened timeframe; participants will have five business days to submit a bid for participation in the auction and pay a deposit of 20% of the starting price of the auction (32.404 billion rubles).

On Friday, UGC shares closed trading on the Moscow Exchange at 0.7385 rubles, which corresponds to a market capitalization of the entire company of 164.5 billion rubles, and the 67.2% stake at around 110.6 billion rubles.

In July last year, a court in Chelyabinsk satisfied the Prosecutor General's Office's claim to confiscate the stake of Konstantin Strukov in UGC and UGC Management Company, as well as stakes in a number of companies held by several individuals associated with him, in favor of the state due to the corrupt origins of the business.