FESCO Transportation Group and FIRST QUANTUM jointly announce the closing of the sale of FESCO share in NCC Group assets as announced in a press release on July 26, 2010.
It is further confirmed that the aforementioned transaction has been completed, all settlements have been made in full, and FESCO Transportation Group does not hold any shares in NCC Group assets since July 21, 2010.
The comment of NCC President, Alyona Ashurkova: “The final settlement of the conflict will allow National Container Company to focus on the investment program and terminals’ development. We have engagements to our clients with regard to terminals’ capacity increase, now we can complete them and, at the same time, secure the company's capitalization growth”.