Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Transneft Aggressive on Novorossiysk Port Takeover
22.04.2013 08:42
Transneft Aggressive on Novorossiysk Port Takeover
Photo Credit:

Transneft is seeking a controlling stake in the country’s biggest port in the southern city of Novorossiysk, but the ongoing row between the shareholders is detrimental to the port’s capitalization, say analysts.

      The state-owned oil corporation says it’s ready to buy out the stake of Summa Group, but its head Nikolai Tokarev declined to give the price.

      However, Ziyavudin Magomedov’s Summa is against selling its stake.

      The two companies control the port through a joint venture which owns 50.1 percent of shares.

      The port’s capitalization slumped 16 percent amid the squabble which has erupted since February. 

Author: Mikhail Vesely

Tags: Transneft Novorossiysk    

Next Previous

You might also find interesting:

Pavel Durov Refused from External Investments in Telegram Offered by Western Funds
Inflow to Funds Investing in Russia Tripled in a Week

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Veniamin Belkin  Russian tourism  active holidays in Russia  Red Square  train tickets Russia FIFA  Georgy Flerov  Vladimir Solovyov  Moscow Festivals  pirated content  Moscow Circus   activity holidays  Boris Nemtsov  Russian Cinema  Sochi 2014  Space Exploration  Barabinsk  physics  Museon Art Park  Ivan Golunov  Russian Animation  International Passport  Folk Arts  Mercedes-Benz Fashion Week Russia  Platonov Art Festival   Russian business  environment  society  Moscow planetarium  Moscow  Ryazan  Russian society  Russian scientists  Historical Background  Russian science  Moscow Maps  Russian Music Instruments  Volga Fashion Fest  Russian art  Nizhny Novgorod Museums  St. Petersburg  Russian economy  Alexander Vertinsky   Euro 2020  Monuments in Russia  Exhibitions in Moscow  Theater for Children  Illustrations  Exhibitions in Saint Petersburg  Russian Actresses  Tver region 

Travel Blogs
Top Traveling Sites