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Rosterminalugol Terminal Operator

Sector: Government • Location: Russian Federation

Source: World Bank Group

Project
Active

In December 2008, the Federal Agency for the Federal Property Management (Rosimushchestvo) sold 25.12% of Rosterminalugol (Kingisepp, the Leningrad Region), an operator of the coal terminal in Ust-Luga port. The terminal could handle 10 million tons of coal annually.

The state put 510 common shares for sale. The initial price of the shareholding was set at US$23.5 million. Norton LLC was announ

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The project “Rosterminalugol Terminal Operator” is an infrastructure initiative in the Government sector, located in Russian Federation. Taiyo aggregates data on it from World Bank Group.

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Description

Description

In December 2008, the Federal Agency for the Federal Property Management (Rosimushchestvo) sold 25.12% of Rosterminalugol (Kingisepp, the Leningrad Region), an operator of the coal terminal in Ust-Luga port. The terminal could handle 10 million tons of coal annually. The state put 510 common shares for sale. The initial price of the shareholding was set at US$23.5 million. Norton LLC was announced as the winner of the tender offering US$23.8 million for the shareholding. Sale of the state-owned shareholding of Rosterminalugol was due to the planned privatization. Before the auction Rosimushchestvo owned 25% +1 share of the company’s authorized capital. Kuzbassrazrezugol was another major shareholder of the company with 73% stake at that time. Norton LLC was allegedly affiliated with Kuzbassrazrezugol.

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