Lot 1262: SORMOVO, S.A. DES USINES METALLURGIQUES ET DES ACIERES DE
October 29, 2016
Brussels, BelgiumLive Auction
Description: 1896 ST-PETERSBOURG. 5 Actions de 100 Rbls. blue, black. No 49036-40. 2nd issue with a capital of 5 million roubles. Hole-cancelled. Located in Balakhninsky in the Nizhny Novgorod Oblast. Originally founded (1850) to build ships, but from 1870 onwards also railroad material. Became a joint-stock company in 1894 and the company continued to grow with up to 12,000 workers in 1912. Nationalised in 1918 as 'Red Sormovo'. Privatized in 1994 and still existing today. This type had not been seen by us before. Rarity 12.
Condition Report: VF