Morgan Stanley may be hired to sell Novorossiysk
The Russian Economy Ministry has proposed hiring Morgan Stanley to sell the state’s 25 percent stake in OAO Novorossiysk Commercial Seaport (NCSP), Vedomosti reported, citing a proposal to Prime Minister Vladimir Putin.
The ministry proposed restricting Summa Capital and OAO Transneft (TRNFP), who combined own a controlling stake in the seaport, from increasing their holding to avoid the “monopolization of corporate governance,” the Moscow-based daily said.
The ministry proposed restricting Summa Capital and OAO Transneft (TRNFP), who combined own a controlling stake in the seaport, from increasing their holding to avoid the “monopolization of corporate governance,” the Moscow-based daily said.