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2013 September 18   16:35

Auction on sale of Northern Shipping Company’s shares declared void

The auction on the sale of shares of Northern Shipping Company OJSC has been recognized as void owing to absence of bids, says press center of Auction House of the Russian Federation OJSC.

57,165 ordinary non-certificated registered shares were put up for auction. State registration number – 1-01-00928-D. Nominal value of shares - 1 (one) ruble. Total nominal value – RUB 57,165.  Opening price – RUB 80 mln.

Northern Shipping Company OJSC is one of the largest transport enterprises in the European North of Russia. Its major activities comprise cargo and passenger transportation by inland-waterway vessels; coastwise shipping; cargo transportation by vessels of mixed “river-sea” shipping. As of today, the company has about 200 vessels of inland and mixed “river-sea” shipping. Annual transportation exceeds 0.7 mln t of cargo. Northern Shipping Company OJSC is a part of Murmansk Shipping Company OJSC (MSCO Holding).

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