Novorossiysk Commercial Sea Port (“NCSP”), Russia's largest commercial port in terms of cargo turnover, has been included in Bear Stearns' Focus List (list of companies that Bear Stearns considers to be the most attractive investment targets), press center of NCSP informs.
NCSP was included to Focus list together with Gazprom. Before that the other largest Russian companies had included in the Focus List such as Sberbank, Evraz, MTS, and Severstal-Auto.
Novorossiysk Commercial Sea Port (NCSP OJSC) is the largest stevedoring company operating at the port of Novorossiysk. In 2006, the company’s throughput totaled 74.899 million tonnes. Beneficiaries of the company’s control stake are Aleksandr Ponomorenko and Aleksandr Skorobogatko. The trusts acting in their interests control Kadina Limited (holding 52.9% of NCSP shares). The state owns 20% of the company’s shares. Russian Railways OJSC has 16% of voting right shares.