30.28% shares of Novorossiysk Dockyard purchased by controlling shareholder of the enterprise

24.05.2016
30.28% shares of Novorossiysk Dockyard purchased by controlling shareholder of the enterprise

On 24th of May in the Auction House of the Russian Federation (AHRF) the sale of 30.28% of shares of OJSC Novorossiysk Dockyard (OJSC NSRZ) took place.
The only bidder for the assets became OJSC Novorossiysk Commercial Sea Port, with which a contract of sale will be concluded by the price – 1.1 billion rubles.

“The Buyer of the assets became the Investor – the shareholder of 65% of shares of the Enterprise. Notwithstanding a wide informing the market about the upcoming sale, there were no bidders who wanted to contest with the main shareholder.
We are satisfied with the results of the deal, as now Novorossiysk Sea Port will get a full control over its subsidiary that will have a positive effect on a further development of the Dockyard”, – Andrey Stepanenko, General Director of the Auction House of the Russian Federation.

For reference:
OJSC NSRZ provides a wide range of stevedoring and ship-repairing services and is one of the largest port operator on the Black Sea coast of Russia.
The enterprise located in the east part of the Black Sea at the apex of Tsemesskaya Bay of the largest sea port – Novorossiysk.
NSRZ carries out cargo handling and storage, repair and maintenance of sea crafts and river boats.

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