SUEK, Alfa Capital MCSP stake deal closed
Raiffeisen Investment Ltd., acting as an agent of the Russian Federation, has announced the closing of the deal for the acquisition of state-owned shares of OJSC Murmansk Commercial Seaport by SUEK and Cyprus-headquartered Alfa Capital Holdings Limited, the Federal Agency for State Property Management said.
According to the government order on December 13, 2012 Raiffeisen Investment, on December 17, 2012 signed with JSC SUEK and Alfa Capital Holdings Ltd. purchase contracts for a total of 38,474 ordinary shares (25.5001% of share capital) of JSC Murmansk Commercial Seaport.
SUEK has transferred to the account of the Federal Treasury of the Bank of Russia $1,617,017,000 for 28,234. Alfa Capital Holdings Limited transferred $510,465,000 for 10,240 shares. On December 24, 2012 the shares were re-registered to the new owners.
This winter a controlling interest of the stevedoring company was acquired by SUEK.
OJSC Murmansk Commercial Seaport was founded in 1994. MCS operates 17 berths of total length of about 3 km. The waters depths allow the port to accommodate vessels with draft of 15.5 m and length of more than 265 m. The stevedore specializes in handling ranged cargoes, including non-ferrous metals and alloys in packages, rolled ferrous metals, coal, apatite concentrate, alumina, and scrap and iron ore pellets in bulk, chemical products in bags and big-bags, construction cargo and foodstuff. In 2011, net income of the company fell 30.2% year-over-year to RUB 138,534,000, revenue – by 3.7% to RUB 1,403,254,000, cargo throughput totaled 14,420,033 tons.