Industrial Investors to acquire control stock of Vladivostok Commercial Seaport

Industrial Investors LLC intends to acquire control stock of Vladivostok Commercial Seaport (VMTP), Sergei Generalov, President of Industrial Investors LLC told at a press conference dedicated to annual meeting of FESCO shareholders (FESCO is a head company of FESCO Transport Group), PrimaMedia reports. According to Generalov, Magnitogorsk Iron & Steel Works (ММК jointly with VMTP management control M-Port CJSC holding 95.2% of Vladivostok port stock) “holds an informal tender on sale of VMTP shares.” Besides Industrial Investors, the following companies participate in negotiations: Russian Railways, Severstaltrans and Eurasholding. “If ММК really sells the port’s shares we are going to participate,” Generalov says.