Date: 3 months ago   Category: Transport

Transneft has closed the transaction on purchase of a share of "Sum" in NMTP — Rambler News Service


Transneft has closed the transaction on purchase of a share of "Sum" in NMTP
Photo: Artyom Korotayev/TASS Transneft has closed the transaction on purchase of a share of Summa Group of Ziyavudin Magomedov in the stevedoring company "Novorossiysk Commercial Sea Port" (NCSP), Transneft has reported. The amount of transaction was $750 million. Following the results of the transaction the share of Transneft in NMTP has grown to 60,62%. "The board of directors has been informed on execution of the decision on increase in the belonging PJSC Transneft of the equity stake of the NMTP group up to 60,62% which is earlier made by him" — have reported in the company. Closing of the transaction has been carried out by acquisition of a share of "Sum" in the Novoport Holding joint venture belonging on parity conditions of Transneft and Summa Group and controlling 50,1% of NMTP. Financing of the transaction has been made at the expense of borrowed funds which won't influence increase in the general debt load, the company specifies.

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