Ust-Luga Company was founded in 1992. It is the customer-developer of the sea trade port of Ust-Luga. Under contract with the RF Ministry of Transport the Company is entitled to take independent decisions as regards financing, designing, construction and maintenance of the sea trade port of Ust-Luga with attraction of state and private investments. The largest shareholders of the company are Leningrad Region government (27.3% of shares), United Financial and Industrial Company OJSC (21.9%), Cyprus companies Gramelinko Ltd. (17.5%) and Interalonso Holding Ltd. (15%).
RZD OJSC to acquire 8.5% of shares of Ust-Luga OJSC
The Board of Directors of RZD OJSC approved acquisition of 8.5% of shares of Ust-Luga OJSC, Interfax reports according to RZD-Partner. In future RZD plans to reach blocking shareholding. The company’s subsidiaries are said to probably participate in acquisition of the shares.