Sibuglemet gets go-ahead to buy JSC Port Vanino from antitrust watchdog
Russian Federal Antimonopoly Service (FAS) has allowed JSC Sibuglemet to acquire a 100-percent stake in OJSC Vanino Commercial Sea Port (Port Vanino), the major operator of the port of Vanino, the antimonopoly agency said. Earlier, FAS has approved similar applications, of En+Port, UCL Holding, Mechel-Trans and UVZ-Logistic.
Currently, the Russian Government is the owner of 73.33% of common stock and 55% of authorized shares in OJSC Port Vanino. Cyprus-headquartered Soleggiato Investments Limited, associated with En+ Group of Oleg Deripaska, holds 21.64% of common stock and 28.12% of authorized stock of the port).
JSC Vanino Commercial Sea Port (Port Vanino) is the major stevedore company of the Port of Vanino based in Khabarovsk Territory. The company is a successor of the Vanino port founded in 1943. The port is a gateway for trade flows between Russia and Japan, South Korea, China, Australia, USA and other countries of Asia Pacific Region. Vanino also handles imports shipped to the northern regions of Russia. The Port Vanino owns the 2.5-km-long waterfront featuring multipurpose and specialized terminals, 16 berths, outdoor / indoor warehouses and handling equipment. The berths depth enables the port to accommodate 45,000dwt vessels. The company also operates a fleet of workboats, tugs. In 2011, cargo throughput at Port Vanino fell 1.7% year-over-year to 5.9 million tons.
