Federal Agency for Management of State Property (Rosimushchestvo) sold at an auction on March 16 a 25.5 percent state-owned stake in Volgograd River Port, the agency reports. The Volgograd Port’s shares were purchased for112,8 million rubles by JSC Volga Pipe Plant.
Overall, 122,856 of common stock of Volgograd River Port were put up for auction, RUB 207,500 par value share and RUB 25,5m a stake. The initial price of shares was set at 64.8 million rubles. There were 5 bidders at the auction, including Southern River Port JSC and Complex AeroService LLC.
Volgograd River Port was founded in 1862. JSC Volgograd River Port (VRP JSC) was created in 1994 through corporatization and privatization of Volgograd River Port and Volga River Shipping. The company’s authorized stock is RUB 100,060,225 divided into 481,800 common stock of par value RUB 207,555 a share. As of January 1st, 23.14% of Volgograd River Port JSC was in ownership of Yuri Skorokhodov, the Chairman of VRP’s Board.
Volga Pipe Plant was founded in 1970. The plant produces more than 800 types of pipes for different purposes. The company is part the Pipe Metallurgical Company (TMK), the Russia's largest producer and exporter of pipe products. The company combines several manufacturing plants located in Russia, USA, Romania and Kazakhstan. TMK manufacturing facilities allow production of 6,5 million tons of pipes a year (2,9m tons of seamless pipes, including some 1,5m tons of seamless OCTG pipes).
Overall, 122,856 of common stock of Volgograd River Port were put up for auction, RUB 207,500 par value share and RUB 25,5m a stake. The initial price of shares was set at 64.8 million rubles. There were 5 bidders at the auction, including Southern River Port JSC and Complex AeroService LLC.
Volgograd River Port was founded in 1862. JSC Volgograd River Port (VRP JSC) was created in 1994 through corporatization and privatization of Volgograd River Port and Volga River Shipping. The company’s authorized stock is RUB 100,060,225 divided into 481,800 common stock of par value RUB 207,555 a share. As of January 1st, 23.14% of Volgograd River Port JSC was in ownership of Yuri Skorokhodov, the Chairman of VRP’s Board.
Volga Pipe Plant was founded in 1970. The plant produces more than 800 types of pipes for different purposes. The company is part the Pipe Metallurgical Company (TMK), the Russia's largest producer and exporter of pipe products. The company combines several manufacturing plants located in Russia, USA, Romania and Kazakhstan. TMK manufacturing facilities allow production of 6,5 million tons of pipes a year (2,9m tons of seamless pipes, including some 1,5m tons of seamless OCTG pipes).