MERCURIA Group to become majority shareholder of Port Lavna investment project

Company Profiles, Markets, Mergers and Acquisitions, News, Ports & Terminals — By on December 6, 2017 at 12:30 PM

Port Lavna project

MERCURIA Group to become majority shareholder of Port Lavna investment project, transport ministry official says

MERCURIA Group can become a majority stakeholder of the Port Lavna investment project until a concession agreement is signed under this project, Victor Olersky, Deputy Minister of Transport of the Russian Federation, Head of Rosmorrechflot (Federal Marine and River Transport Agency), told IAA PortNews.
Victor Olersky explained that MERCURIA had applied for entering the authorized capital of Port Lavna LLC in the amount of 75% minus 1 share. The agreement signing is expected in the nearest future.
According to Victor Olersky, on 15 November 2017 Port Lavna LLC submitted to Russian Government a private concession initiative under this project.
Coal transshipment facility Lavna is located in the Murmansk Region (Mezzhdurechye settlement in the Kola Bay). Its deepwater ice-free water area protected from waves is able to accommodate dry bulk vessels of exceeding 150,000 DWT.
Investor of the coal terminal is Commercial Sea Port ‘Lavna’ LLC with STLC as a beneficiary.
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