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Mechel OAO's Mecheltrans OOO Acquires 21.64% Of Vaninskiy morskoy torgovyi port OAO's Shares


Wednesday, 30 Jan 2013 07:00pm EST 

Mechel OAO announced that Mecheltrans OOO acquired a package of Vaninskiy morskoy torgovyi port OAO's (Vanino Sea Trade Port) shares. Mecheltrans OOO acquired 21.64% of Vanino Sea Trade Port OAO’s common shares from one of the port’s minor shareholders, subsidiary of the company En+. The transaction amounted to RUB 4.57 billion. In line with the transaction’s conditions, the port’s shares became Mecheltrans OOO’s property once the agreement was signed, while payment for the share package is due to be made within 145 days. The transaction will be funded by the investors who financed the acquisition of Vanino Sea Trade Port's controlling stake, and will thus have no bearing on Mechel Group’s leverage. 

Company Quote

1.62
-0.03 -1.82%
16 Sep 2014