LLC Garcia acquired a 47.65 percent stake of the Murmansk Commercial Seaport (MCS), at a recent auction, the Federal Property Management Agency said.
The winning bid was RUB 7.65 billion (for 71,891 common stock of MCS). Opening bid was RUB 75 bn, bid step – 75 million rubles.
The stake was sold by Laterium Commercial Limited – 12.68% (19 124 pcs.) and Specialized Project Investments BV - 34.97% (52 767 pcs).
Previously, the sale of a state-owned 24 percent stake in Murmansk Commercial Seaport failed. Some sources reported that Gunvor was interested in buying the port.
OJSC Murmansk Commercial Seaport was founded in 1994. The stevedore company operates 17 berths of total length of about 3,000 meters. The berths depths allow accommodation of vessels with length of over 265 meters and breadth of 15.5 meters. In 2010, MCS’ cargo throughput was over 12.8 million tons.