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2011 May 19   13:52

State-owned stake in Port Vanino auctioned off for over RUB 10bn

State-owned stake of 55% shares in Vanino Commercial Sea Port was sold for RUB 10,824,125,000, the Federal Property Agency report said. According to the agency 15 bidders participated in the auction. The opening bid was RUB 934 million 125 thousand rubles, bid step - 10 million rubles.

Moscow-headquartered Seltekhstroy was founded in 2000. The firm specializes in construction of buildings. In March 2011 the company acquired 25.5% of the authorized share capital of JSC North Port (Moscow) for RUB 141 million. Major stockholders of Sltekhstroy are Novye Izvestia Group (33%), Vertical Company (33%) and  Investmarket (33%).

JSC Vanino Commercial Sea Port (Port Vanino) is the major operator of Port of Vanino (Khabarovsk Territory). The port is a gateway for trade flows between Russia and Japan, South Korea, China, Australia, USA and other countries of Asia Pacific Region. Vanino also handles imports shipped to the northern regions of Russia. The port operates the waterfront of about 2.5-km with three specialized cargo handling facilities. In 2010 throughput of Port Vanino Port rose to about 6 million tons (+0.2% yoy). Major stockholder of Port Vanino is Russian Government (73,33%). Rusal owns more than 20% of common stock in the company.

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