The mineral and chemical company EuroChem (OJSC EuroChem) has acquired 25% of shares in the Baltic General Cargo joint stock company (Kingisepp, Leningrad region), the BGC press release said.
The company Quetar Consultants Ltd. has withdrawn from the BGC’s shareholders while Ust-Luga OJS Company, which manages the port development in the Leningrad region, has increased its stake in Baltic General Gargo from 50% to 75%.
Earlier reports said EuroChem had submitted to the Federal Antimonopoly Service a petition to acquire a 100-percent stake in Baltic General Gargo OJSC.
MCC EuroChem OJSC is the largest Russian producer of mineral fertilizers, ranked among top three European and top ten world leaders in the industry. The company integrates production, refining, logistics and distribution network in various regions of the world. EuroChem eyes investment of 5 billion rubles for 4 years in the construction of bulk terminal at the port of Ust-Luga (Leningrad region).
Baltic General Cargo OJSC is a stevedoring company providing handling and freight forwarding services.
The company Quetar Consultants Ltd. has withdrawn from the BGC’s shareholders while Ust-Luga OJS Company, which manages the port development in the Leningrad region, has increased its stake in Baltic General Gargo from 50% to 75%.
Earlier reports said EuroChem had submitted to the Federal Antimonopoly Service a petition to acquire a 100-percent stake in Baltic General Gargo OJSC.
MCC EuroChem OJSC is the largest Russian producer of mineral fertilizers, ranked among top three European and top ten world leaders in the industry. The company integrates production, refining, logistics and distribution network in various regions of the world. EuroChem eyes investment of 5 billion rubles for 4 years in the construction of bulk terminal at the port of Ust-Luga (Leningrad region).
Baltic General Cargo OJSC is a stevedoring company providing handling and freight forwarding services.