Mineral'no-khimicheskaya Kompaniya Yevrokhim OAO Makes Mandatory Offer to Murmanskiy Morskoy Torgovyi Port OAO's Shareholders-Interfax

Interfax reported that Mineral'no-khimicheskaya Kompaniya Yevrokhim OAO (EuroChem) which owns 47.67% of Murmanskiy Morskoy Torgovyi Port OAO (MCSP), has made a mandatory offer to MCSP shareholders at a price of RUB 57,725 per ordinary share, EuroChem reported. MCSP received the offer on June 17 and has 70 days to accept it. EuroChem became the owner of 47.67% of MCSP's voting shares for RUB 3.1 billion on April 22. The latest transaction with MCSP's ordinary shares in the RTS Board system, which took place on April 2, put the price per share at $1,810 or RUB 56,300. Another 49.86% of MCSP's charter capital belongs to OJSC Siberian Coal Energy Company (SUEK). At the end of January, SUEK made a mandatory offer to MCSP's minority shareholders at a price of RUB 57,725 per ordinary share, par value RUB 1,507 each. The deadline to accept the offer was early April, but MCSP has yet to disclose the results.