Federal Agency for Management of State Property (Rosimushchestvo) holds today a bidding to sell the state-owned 20% of ordinary shares in Northern Shipping Company (NSC). The announcement has been posted the Property Management Agency.
Originally, the auction was scheduled for August 18, 2010, and then postponed to September 20.
Rosimushchestvo puts up for auction 191,571 ordinary registered shares in uncertificated form (state registration number - 24-1-P-97, dated February 5, 1993), which makes up 20% of the company’s authorized share capital. The initial price of shares - 400 million rubles. Auction step – 5m rubles.
Northern Shipping Company was founded in May 1870. The company is engaged in seaborne cargo shipments worldwide. The NSC’s fleet includes universal dry-cargo carriers of 2,500-14,000dwt, transporting round timber, lumber, pulp and paper products, general, bulk, hazardous and other types of cargoes. The company’s vessels provide regular exports to Western Europe through the ports of Arkhangelsk and St. Petersburg. Most of the NSC’s vessels are equipped to carry 20-40-foot and refrigerated containers. Murmansk Shipping Company OJSC holds a controlling stake in NSC (46.003%). The state owns 20% of the shares. In 2009, Northern Shipping Company posted a net profit of 30.206 million rubles.
Originally, the auction was scheduled for August 18, 2010, and then postponed to September 20.
Rosimushchestvo puts up for auction 191,571 ordinary registered shares in uncertificated form (state registration number - 24-1-P-97, dated February 5, 1993), which makes up 20% of the company’s authorized share capital. The initial price of shares - 400 million rubles. Auction step – 5m rubles.
Northern Shipping Company was founded in May 1870. The company is engaged in seaborne cargo shipments worldwide. The NSC’s fleet includes universal dry-cargo carriers of 2,500-14,000dwt, transporting round timber, lumber, pulp and paper products, general, bulk, hazardous and other types of cargoes. The company’s vessels provide regular exports to Western Europe through the ports of Arkhangelsk and St. Petersburg. Most of the NSC’s vessels are equipped to carry 20-40-foot and refrigerated containers. Murmansk Shipping Company OJSC holds a controlling stake in NSC (46.003%). The state owns 20% of the shares. In 2009, Northern Shipping Company posted a net profit of 30.206 million rubles.