Government of Russia to divide the NCSP
On April 18, 2014 there was declared that the Government of Russia agreed to divide the Novorossiysk Commercial Sea Port: Transneft will get all the oil loading terminals, and the Summa Group will be the major shareholder of the port.
After the separation the state's holding (20%) will be sold to the Summa Group with the “golden share” maintenance. Thus, the Summa Group to become the controlling shareholder of the NCSP – its share to reach 63.3% as opposed to 27.7%.
Transneft with the NCSP's assets will incur the part of the port's debt (1.9 bln USD in the end of 2013) and pay off 0.7-1 bln USD.
Remind, that in the end of 2013, the President of the oil-transport monopoly, Nikolay Tokarev proposed the President of Russia to devide the NCSP's assets between the stated companies in order to coordinate the single strategy on the assets development.
You should be authorized to post comment
Russia produced 46.8 mln tonnes of grains
During 9 months of 2013/14 MY Russia exported the record maize volumes
USA imposed sanctions against three Russian banks
EU sanctions against the Crimean seaports are "dry shot" – Ministry of Transport
July 29, 16:30
In 2013/14 MY Russia increased barley exports by 20%
July 29, 13:20
Russia produced 43.6 mln tonnes of grains
July 29, 09:20