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Vladivostokskiy morskoy torgovyi port OAO Considers Merger with Vladivostok Container Terminal-SeeNews

Monday, 4 Mar 2013 07:00pm EST 

SeeNews reported that Vladivostokskiy morskoy torgovyi port OAO (Commercial Sea Port of Vladivostok or VMTP), part of Russia's Far East Shipping Company (FESCO), is exploring the possibility to merge with Vladivostok Container Terminal (VCT), Interfax reported, citing the Company's statement. In addition, VMTP will approve a contract for the merger, as well as will set a buyback price for one of its ordinary shares and will affirm the procedure and conditions for converting VCT's ordinary shares into own ordinary shares. Finally, VMTP intends to vote the agenda for an extraordinary shareholder meeting, which will weigh the reorganization plans. 

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