The Sovcomflot shipping company has now gained ownership of the state shares in Novorossiisk Shipping Company (Novoship), a source with knowledge of the situation at both companies told Interfax.
"Novoship's register of shareholders has been amended accordingly," the source said.
Neither company has yet commented on the merger for Interfax.
As it was reported earlier, the state share in Novoship (50.34% of the authorized capital, 67.13% of ordinary shares) is valued at RUR 20.6 billion. One ordinary share of Sovcomflot is valued at RUR 34.28. The value of 100% of shares (authorized capital of Sovcomflot consists of 1,364,538,517 ordinary shares) is RUR 46.776 billion.
The documents for the merge of the two companies initiated by Sovcomflot management were prepared by RF Ministry of Transport in September 2006.