NSTP has left Novorissisk Bulk Complex LLC
Novorossisk Sea Trade Port OJSC (NSTP), which used to have 99.9% of shares in Novorossisk Bulk Complex LLC, has left the company. This information has been provided by RZHD partner referring to Interfax. According to Vladimir Matveev, head of the department on port property management, the decision on withdrawal was taken at the meeting of the Board of Directors of the port held in July.
Matveev hasn’t specified the reason for withdrawal of NSTP from the authorized capital of the bulk complex. According to him “that was not a purchase-and-sale transaction”. He also said that NTSP plans to continue investments into the expansion of Novorossisk Bulk Complex. In particular, the construction of a new warehouse will be started there in the nearest future. “The construction is to be carried out within the framework of a general investment program,” - Matveev explained.