The deal, under which OJSC Novorossiysk Commercial Sea Port (NCSP) will become the owner of the company Primorsky Commercial Port (PCP, Leningrad region), and the beneficiaries of PCP - JSC Transneft and Summa Capital - will get control of the NCSP can be closed by the end of the year, an informed source said. "Most likely, by the end of this year the new owners will come to the Novorossiysk port", RZD-Partner Ru quotes the source as saying.
The preparation of the deal is going rapidly, and there is "no turning back," said another man in the know. According to him, NCSP might have changed its owners a little later, in March 2011.
In September, the NCSP announced the forthcoming acquisition of a 100-percent stake in PCP. The deal terms included the sale by the beneficiaries of the NCSP a majority stake in company to Transneft and Summa Capital. The parties are assumed to get in ownership a 50.1% stake in NCSP on parity bases. Now the owners of a controlling stock in the NCSP are Alexander Ponomarenko, Alexander Skorobogatko and Arkady Rotenberg (through Kadina Ltd.). The government holds 20% of shares in the NCSP, Russian Railways owns 5% of shares, 19.38% of the shares are traded on the London Stock Exchange and the Russian exchanges, the remaining share is distributed among minority shareholders.
The preparation of the deal is going rapidly, and there is "no turning back," said another man in the know. According to him, NCSP might have changed its owners a little later, in March 2011.
In September, the NCSP announced the forthcoming acquisition of a 100-percent stake in PCP. The deal terms included the sale by the beneficiaries of the NCSP a majority stake in company to Transneft and Summa Capital. The parties are assumed to get in ownership a 50.1% stake in NCSP on parity bases. Now the owners of a controlling stock in the NCSP are Alexander Ponomarenko, Alexander Skorobogatko and Arkady Rotenberg (through Kadina Ltd.). The government holds 20% of shares in the NCSP, Russian Railways owns 5% of shares, 19.38% of the shares are traded on the London Stock Exchange and the Russian exchanges, the remaining share is distributed among minority shareholders.