Russia: Shipping companies put up for auction
October, government sells out its stakes in Murmansk Shipping Company, Northern Shipping Company and Northern River Shipping Company.
Government’s stake in Murmansk Shipping Company is up for auction on October 23. RUB 700 mln is the trigger price.
The offer is 240.581 ordinary shares that is 23.5% of the share capital.Murmansk Shipping Company (MSCO) is the largest shipping company operating in the Russian Artic. The company is a leader in handling and transportation of crude oil. MSCO delivers exported goods from the northern Russian ports to the ports of Western Europe; it also ships cargo between foreign ports.
The control stake is held by OOO Arctic Technologies which is in hands of Nikolay Kulikov, the chairman of MSCO’s board.
20% stake in Northern Shipping Company (Arkhangelsk) will be sold out on 02 October for the starting price of RUB 200 mln. The Company specializes in shipping of timber products in the Arkhangelsk region.
The fleet consists of 41 vessels of various types and carrying capacity from 2,500 to 14,000 tons (tailored for dry, radioactive and hazardous cargo).The company's revenue in 2012 amounted to RUB 2.7 billion rubles, net profit – to 50 million rubles. Controlling stake is held by Murmansk Shipping Company.
Northern River Shipping Company is selling a government’s stake of 31.32% on October 02. The trigger price is RUB 80 mln.Northern River Shipping Company is a river-to-sea operator in the European North of Russia. The fleet comprises 160 vessels for inland navigation and 8 of a mixed type. The company carries dry and bulk cargo.
It is also a strong player on the Arkhangelsk regional market of passenger transportation.The company used to be controlled by Murmansk Shipping Company until 29 May 2013. MSCO sold out its 56.86% stake. “River shipping services do not belong to our main business”, explained the director general of MSCO, Aleksander Medvedev. The control stake was sold to a construction and logistics firm – OOO Rescom Tyumen – though a month later the stake was divided between other private hands.
October, government sells out its stakes in Murmansk Shipping Company, Northern Shipping Company and Northern River Shipping Company.
Government’s stake in Murmansk Shipping Company is up for auction on October 23. RUB 700 mln is the trigger price.
The offer is 240.581 ordinary shares that is 23.5% of the share capital.Murmansk Shipping Company (MSCO) is the largest shipping company operating in the Russian Artic. The company is a leader in handling and transportation of crude oil. MSCO delivers exported goods from the northern Russian ports to the ports of Western Europe; it also ships cargo between foreign ports.
The control stake is held by OOO Arctic Technologies which is in hands of Nikolay Kulikov, the chairman of MSCO’s board.
20% stake in Northern Shipping Company (Arkhangelsk) will be sold out on 02 October for the starting price of RUB 200 mln. The Company specializes in shipping of timber products in the Arkhangelsk region.
The fleet consists of 41 vessels of various types and carrying capacity from 2,500 to 14,000 tons (tailored for dry, radioactive and hazardous cargo).The company's revenue in 2012 amounted to RUB 2.7 billion rubles, net profit – to 50 million rubles. Controlling stake is held by Murmansk Shipping Company.
Northern River Shipping Company is selling a government’s stake of 31.32% on October 02. The trigger price is RUB 80 mln.Northern River Shipping Company is a river-to-sea operator in the European North of Russia. The fleet comprises 160 vessels for inland navigation and 8 of a mixed type. The company carries dry and bulk cargo.
It is also a strong player on the Arkhangelsk regional market of passenger transportation.The company used to be controlled by Murmansk Shipping Company until 29 May 2013. MSCO sold out its 56.86% stake. “River shipping services do not belong to our main business”, explained the director general of MSCO, Aleksander Medvedev. The control stake was sold to a construction and logistics firm – OOO Rescom Tyumen – though a month later the stake was divided between other private hands.