No takers as Irish State bids to sell Russian assets

Alfa Group’s A1, the trading and investment company owned by Russian billionaire Mikhail Fridman, said that it failed for a second time to attract buyers for a logistics centre owned by the Government.

“The first two rounds of the auction failed due to the lack of applications from potential buyers to take part,” A1’s press service said in an email.

A1 is seeking at least 2.58bn rubles (€37m) from the sale of Q-Park located in Kazan, Russia, 725km east of Moscow. The first auction took place in December and the second earlier this month. A1 said it will seek to find new bidders in “late April”.