Federal Agency for Management of State Property (Rosimushchestvo) is holding an action today to sell state-owned common stock of OJSC North-West Shipping Company (NWSC) in the amount of 25.5% of authorized share capital, the Rosimushchestvo’s official bulletin said.
The agency is going to auction 2,454,048 shares of NWSC. The initial price of the state-owned stake is set at RUB 934m. Bid step – RUB 10m. The authorized share capital of North-West Shipping is RUB 120,296,700 and is divided into 9,623,736 of common stock with a nominal value of RUB 12.5 per share.
North-Western Shipping Company is the largest operator in Russia’s water transport industry. The shipping company specializes in transportation of general cargo, bulk and grab cargoes, heavy-lift cargo and vessels. NWSC operates a fleet of 145 vessels of 550,000 DWT, including 120 ships of mixed class "river-sea", 4 barges, 12 tugboats and 8 auxiliary vessels. The company’s annual volume of goods transportation is about 6 million tons. Besides, during summer navigation NWSC provides agency service to river-sea 11 ships of Western Shipping on the inland waterways.
The agency is going to auction 2,454,048 shares of NWSC. The initial price of the state-owned stake is set at RUB 934m. Bid step – RUB 10m. The authorized share capital of North-West Shipping is RUB 120,296,700 and is divided into 9,623,736 of common stock with a nominal value of RUB 12.5 per share.
North-Western Shipping Company is the largest operator in Russia’s water transport industry. The shipping company specializes in transportation of general cargo, bulk and grab cargoes, heavy-lift cargo and vessels. NWSC operates a fleet of 145 vessels of 550,000 DWT, including 120 ships of mixed class "river-sea", 4 barges, 12 tugboats and 8 auxiliary vessels. The company’s annual volume of goods transportation is about 6 million tons. Besides, during summer navigation NWSC provides agency service to river-sea 11 ships of Western Shipping on the inland waterways.