Russian Gov’t takes another step for privatization of JSC Murmansk Commercial Sea Port
OJSC Murmansk Commercial Sea Port by Russian government order (July 23, 2013 № 1297-r) was excluded from the special register of open joint-stock companies, the Russian Gov’t press office said.
The document was developed by the Russian Ministry of Economic Development to implement privatization program of the government including JSC Murmansk Commercial Sea Port.
By another decree the Russian Government (Nov 27, 2010 № 2102-r) included OJSC Murmansk Commercial Sea Port in the provisional program of federal property privatization for the 2011-2013 period.
The Government of the Russian Federation on February 9, 2012 (decree No156-r) named Raiffeisen Investment an agent for the sale of state-owned shares in OJSC Murmansk Sea Commercial Port.
The Russian government on December 13 2012 (decree № 2357-r) approved conditions of the sale of federally owned 25.5001% of the shares in OJSC Murmansk Commercial Sea Port, including the sale price and the buyers.
As of today, the sale of a state-owned stake in the port company has been completed. As the state has no shares in OJSC Murmansk Commercial Sea Port, the government excluded the company from its JSCs special list.
OJSC Murmansk Commercial Sea Port was created in 1994. The company operates 17 berths of total quay length of nearly 3 km and depths that allow accommodation of 265-long, 15.5 draft ships. In 2012 cargo throughput at the port totaled 15.69 million tonnes.
