According to the decision of the Board of JSC Sea Port St.Ptb from Aug. 30, 2010 the general meeting of stockholders is to be held today, Oct. 11. The meeting’s agenda is the reorganization of JSC "Sea Port St. Petersburg" in the form of accession to the company First Stevedore Company CJSC, Second Stevedore Company CJSC, Third Stevedore Company CSJC. It is also planned to consider the increase of authorized capital of JSC "Sea Port St. Petersburg" through additional stock floatation.
The merger of the related companies and controlled by one stockholder, operating at the 1st, 2nd and 3rd cargo areas of the seaport, and the creation of a single operator under the brand name Sea Port of St. Petersburg is believed to improve the manageability of business, as well as to reduce management and administrative costs, the Sea Port of St. Petersburg authorities said.
First Stevedore Company, Second Stevedore Company and Third Stevedore Company are included in the group of companies Sea Port St. Petersburg, which is part of the international Universal Cargo Logistics Holding (UCL Holding).
The merger of the related companies and controlled by one stockholder, operating at the 1st, 2nd and 3rd cargo areas of the seaport, and the creation of a single operator under the brand name Sea Port of St. Petersburg is believed to improve the manageability of business, as well as to reduce management and administrative costs, the Sea Port of St. Petersburg authorities said.
First Stevedore Company, Second Stevedore Company and Third Stevedore Company are included in the group of companies Sea Port St. Petersburg, which is part of the international Universal Cargo Logistics Holding (UCL Holding).