Auctions on sale of state-owned stake of Arkhangelsk Sea Commercial Port and Arkhangelsk River Port declared void

Auctions on sale of state-owned stake of Arkhangelsk Sea Commercial Port and Arkhangelsk River Port have been declared void. According to the Federal Agency for State Property Management (Rosimushchestvo), 20-pct stake of Arkhangelsk Sea Commercial Port was initially valued at RUB 107 mln, 25.5-pct stake of Arkhangelsk River Port – RUB 19.4 mln.

Arkhangelsk Sea Commercial Port OJSC is a multi-profile stevedoring company of Arkhangelsk port. It specializes in transshipment of general cargo, cellulose, cardboard, containers, timber materials, metal, fertilizers, heavy equipment, dry bulk and loose cargo. In 2012, the company handled 1.55 mln t of cargo.

Arkhangelsk River Port OJSC (Arkhangelsk) transports cargo and passengers, provides tugging/handling/warehousing services, comprehensive servicing of fleet, production and sale of aggregates, dredging and forwarding services.