Transportation Investments Holding Limited owing 84.9986% of Petrolesport shares has made a voluntary offer to Petrolesport for purchase of the port’s 15% for RUR 1.936 per share. The offer was made on April 16, 2008. Petrolesport OJSC should make a decision within 70 days from the date of acceptance.
Petrolesport OJSC is a stevedoring company of the Big Port of St. Petersburg. PLP handles different cargo being the leader in container transshipment in the North-West region of Russia. There are a number of specialized terminals operating at the territory of PLP. From 2005, the company’s annual growth rates make 12%. PLP major perspectives are seen in transshipment of containerized and refrigerated cargo. The company’s total throughput in Q1 08 amounted to 1.77 million tonnes (+13.2%, year-on-year).