Russia's attempt to sell a majority stake in gold producer Uzhuralzoloto, seized from businessman Konstantin Strukov, failed to attract any bidders.
The federal property management agency Rosimushchestvo had valued Strukov's 67.2% stake at 140.43 billion rubles.
The state auction website confirmed the sale was declared invalid due to a lack of applications.
A Russian court ruled in July that the majority stake should be transferred to state ownership.
Uzhuralzoloto is among Russia's top 10 gold mining companies.
