The deal was approved by BOD at the sitting Aug. 27.
Azovo Donskoe Shipping Group was founded in 2002 involves all water transport entities located in the Don River and Kuban reg.. It covers 16 entities and 200 ships.
In 2006 the new strategy was developed as being based upon four basic trends of the performance: shipping, repair and servicing, Kubanskoe River Shipping and building materials division.
The IH net profit (RAS) increased 1.6 fold to 39.935mln rub. from 25.388 mln.