Russian Govt OKs sale of SCF 0.3-pct shares to National Reserve Bank
The Russian Government has approved a deal on the sale of 0.3017% shares in JSC Sovcomflot (of SCF Group) to National Reserve Bank, the governmental official website said.
The deal includes 5,116 equities of the state-owned shipping company to be sold to the Bank at the market price.
St. Petersburg-headquartered JSC Sovcomflot is the parent company of the group of companies under the same brand name which is one of the global leading shipping groups specializing in the transportation of crude oil, oil products and liquefied gas (LNG). The company’s fleet comprises 150 vessels of total deadweight of about 12 million tonnes. The company operates through its offices based in St. Petersburg, Moscow, Novorossiysk, Murmansk, Vladivostok, London, Limassol, Madrid and Singapore.
