• 2015 June 15 14:22

  Federal Antimonopoly Service of Russia approves acquisition of 47.5% share of Prime Shipping Holding by Sberbank Investments

  

  Federal Antimonopoly Service of Russia has approved acquisition of 47.5% share of Prime Shipping Holding by Sberbank Investments, FAS says.
  
  In May 2014, Rosneft President Igor Sechin and Pietro Barbaro Group owner Giovanni Barbaro signed Heads of agreement on acquisition of 95% share of Prime Shipping group of companies. Heads of agreement envisaged that investor in the project would be a joint venture of Rosneft and Sberbank Merchant Banking (acting by Sberbank Investments LLC), which is a financial partner of Rosneft in the transaction.

  Samara region-based Prime Shipping Ltd. is a subsidiary of Pietro Barbaro (Italy). The shipping company was acquired by Pietro Barbaro in January 2006. The company is engaged primarily in shipping of crude oil and petroleum products. The company’s fleet numbers over 20 vessels and carries some 2 mln t of cargo per year.
  
  Related link:
  
  Rosneft to acquire 95% share of Prime Shipping from Pietro Barbaro Group>>>>

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