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2011 March 23   12:11

First Quantum and Andrey Kobzar sell 50 percent stake in NUTEP container terminal

First Quantum Group and Andrey Kobzar have sold their 50 percent stake in NUTEP container terminal (Novorossiysk) to an external investor.
Now therefore First Quantum Group and Andrey Kobzar do not possess any share of NUTEP. The transaction amount is $115 million.
Andrey Kobzar, an NCC shareholder, commented the transaction: “My investment in National Container Company has proven to be successful.
I am satisfied both with the company’s operational results and its long-term strategy profitable for the investors».
«We can affirm that today the container market has fully overcome the negative effects of the crisis and is showing a positive dynamic
and an increase of all the key economic indicators. This enables us to develop and realize a long-term company‘s strategy according to our priorities”, - said NCC President, Alyona Ashurkova.

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