The group of companies "Summa" in conjunction with the Port of Rotterdam is considering the purchase of a port asset in China, the Group head said on Wednesday, RBC reports.
"In China we are looking at one asset," the Group Board Chairman Ziyavutdin Magomedov told reporters on the sidelines of the APEC Business Council meeting in Hong Kong. He did not unveil any details on a possible transaction.
Mr. Magomedov also said that Summa Group had previously considered a deal on the acquisition of an Australian asset, but “the group was not satisfied with the sale terms.”
Besides, the Group weighs up the establishment of bunkering business in the port of Hong Kong. Earlier, Summa Group and the Port of Rotterdam had signed an agreement on strategic partnership in the port and logistics business.
The group of companies ‘Summa" combines the assets in the port, logistics, engineering, construction, telecommunications, oil and gas sectors. One of the major assets owned by the Group is OJSC "Novorossiysk Commercial Sea Port" (NCSP). The main owner and NCSP Board Chairman is Ziyavudin Magomedov.