Ust-Luga OJSC hands over its shares to RVM Russian Transit
Ust-Luga Company JSC hands over a part of its shares to ZPIF RVM Russian Transit. As per the official information of the joint venture, the deal is evaluated RUR170 million 371 thousand 150. It was approved by the general meeting of share holders. 1,345 common shares that have nominal value RUR500 each are being soled.
Ust-Luga Company JSC was established in 1992 for implementation of a project on construction of Russia’s new commercial seaport in the of the Gulf of Finland. Ust-Luga Company JSC has several lines of activity related to creation of the largest in Russia The largest shareholders of the company are the Leningrad Region government (over 25% of shares), Absolut Group of Companies (about 16%), Novyje resursy CJSC (about 21%). multipurpose commercial seaport Ust-Luga and complex social-economic development of the territories adjacent to the port.