On May 19, Novorossiysk Commercial Sea Port JSC acquired a 50-pct share of the authorized capital of Novorossiysk Heavy Fuel Terminal LLC, the company states according to M&A.
Earlier Novorossiysk Commercial Sea Port did not own any share in the terminal. No other details of the transaction have been disclosed.
Major operations of Novorossiysk Commercial Sea Port are concentrated in the port of Novorossiysk. The company’s authorized capital totals RUR 192,598,154 divided into 19,259,815,400 ordinary shares with nominal value of RUR 0.01 each. Novorossiysk Commercial Sea Port OJSC is a part of NCSP Group.