Transneft plans to increase its stake in Novorossiysk sea trade port to 40.8%

​Transneft studies an opportunity of exchanging the objects of the Far Eastern railway station Gruzovaya at the Kozmino port for 5% of shares of the Novorossiysk sea trade port which belong to RZD.

In case if RZD agrees, the stake of Transneft in the Novorossiysk sea trade port might increase to 40.8%. The package of Novorossiysk sea trade port is held by the founded by RZD “Welfare” fund.

A source close to the fund says that the “Welfare” fund hasn’t received an offer of Transneft. A representative of RZD refused to comment. Previously the President of the monopoly, O. Belozerov, said that RZD was ready to participate in the capitals of the ports and other types of transport, develops new services so as to attract more cargo.

5% of shares of NTMP costs about 3.5 bln roubles on the MSE. The investment into the foundation of the Gruzovaya station exceeded 6 bln roubles, the CEO of “Infoline-analytics”, M. Burmistrv, says. The use of infrastructure will require investment for the change of specializing for the terminal needs for general types of cargo. Simultaneously with the exchange it is necessary to look for investors, who would be the final buyers of the railway infrastructure and invest into its re-equipment, the expert says.

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