UCL offers Tuapse port’s stockholders a buyout deal
Nafta (T) Ltd. (a structure of Universal Cargo Logistics Holding) on 26 May 2011 sent to stockholders of Tuapse Commercial Sea Port JSC (TCSP) a mandatory offer to purchase 4.47% of the shares (390,954,631 pcs.) for 0.74 ruble per share, the TCSP’s press service said. Universal Cargo Logistics Holding owns now a 95.53-percent stake in the stevedoring company. So, the Group intends to consolidate 100% of the port.
Dutch-registered Universal Cargo Logistics Holding (UCL Holding) is an international transportation holding comprising stevedoring companies of Sea Port of Saint-Petersburg and Universal Handling Complex in the North-West Russia; Tuapse and Taganrog ports in the South of the country; Volga Shipping, North-West Shipping and Western Shipping companies; as well as a number of shipbuilding, shipping and logistics assets.
Dutch-registered Universal Cargo Logistics Holding (UCL Holding) is an international transportation holding comprising stevedoring companies of Sea Port of Saint-Petersburg and Universal Handling Complex in the North-West Russia; Tuapse and Taganrog ports in the South of the country; Volga Shipping, North-West Shipping and Western Shipping companies; as well as a number of shipbuilding, shipping and logistics assets.
Tuapse Commercial Sea Port JSC (TMTP), founded in 1994, is the main operator at one of the largest ports in Russia - Port of Tuapse. In 2010, the company handled more than 18.5 million tons of different cargoes.
