Federal Property Management Agency (Rosimuschestvo) announced an auction on 25.5% of charter capital of Volga-Don Shipping Company OJSC (Rostov-on-Don, a part of Azov-Don Shipping group of companies). The according notification is published in an official bulletin the State Property. Starting price of the stake is RUR 48.461 mln. An auction step is RUR 1 mln. The auction is planned for December 18, 2009.
Volga-Don Shipping Company OJSC provides international freight services ex ports of Russia, countries of the Azov, the Black, the Mediterranean, the Caspian, the Baltic and the North Seas. The company’s fleet consists of bulkers of 86,000 tons cargo carrying capacity. Charter capital of Volga-Don Shipping Company OJSC amounts to RUR156.720 thousand, it is divided into 3,134,400,000 ordinary shares of 5 kopeck par value. Federal Agency for Federal Property Management (Rosimucshestvo) holds 25.5% of the company’s charter capital, Taka Shipping Ltd (Liberia) – 29.47%. Net profit of the shipping company increased by 1.7 times (to RUR 4.04 mln) under RAS, Q I-III 2009 as compared to the corresponding period of 2008. Company’s income decreased by 8.7 times (to RUR 9 bln 798 mln) within 9-month period of 2009 as compared to the corresponding period figures of 2008.
Volga-Don Shipping Company OJSC provides international freight services ex ports of Russia, countries of the Azov, the Black, the Mediterranean, the Caspian, the Baltic and the North Seas. The company’s fleet consists of bulkers of 86,000 tons cargo carrying capacity. Charter capital of Volga-Don Shipping Company OJSC amounts to RUR156.720 thousand, it is divided into 3,134,400,000 ordinary shares of 5 kopeck par value. Federal Agency for Federal Property Management (Rosimucshestvo) holds 25.5% of the company’s charter capital, Taka Shipping Ltd (Liberia) – 29.47%. Net profit of the shipping company increased by 1.7 times (to RUR 4.04 mln) under RAS, Q I-III 2009 as compared to the corresponding period of 2008. Company’s income decreased by 8.7 times (to RUR 9 bln 798 mln) within 9-month period of 2009 as compared to the corresponding period figures of 2008.