On January 29, 20098, the Property Fund of the Leningrad region will hold an auction on sale of 18.5% of Commercial Seaport Primorsk, the Fund’s press center reports according to RBC. The opening price of the block of shares is RUR 300,000.
Commercial Seaport Primorsk was put into operation in 2001. It is operated by Primorsk branch of St. Petersburg Port Administration. Primorsk is the final stage of the first phase of Baltic Pipeline System (BPS) aimed at oil transportation from Timano-Pechersk and West-Siberia oil-and-gas provinces as well as from Kazakhstan. In 2006, the port’s throughput totaled 66.78.1 million tonnes 00 т нефти.
The authorized capital of Commercial Seaport Primorsk makes RUR 100,000 divided into 1,000 of ordinary shares with nominal value of RUR 100 each. As of September 30, 2007, the company’s debt to different budgets totaled RUR 471,000, to non-budget government funds – RUR 21,000. In the 9-month period of 2007, the company’s RAS proceeds (excluding VAT) from sale goods, works and services totaled RUR 2.938 million, loss - RUR 3.920 million.