Volgograd River Port

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Volgograd River Port JSC was founded in 1994 as the result of the privatization of Volgograd River Port and the Volzhsky steamship company. Volgograd River Port JSC owns and operates three marine ports on the banks of the Volga and is based in Volgograd, South Russia. The company provides cargo, and city and suburban passenger transportation services; organizes pleasure trips; offers cargo handling and warehousing, ferry, and integrated ship maintenance services. Volgograd River Port JSC was a joint-stock company. 25,5% of shares were state property and 74.5% of shares owned by legal entities and individual holders. As of January 2011, the largest individual share holder is Yuri Skorokhodov, the Chairman of VRP’s Board, who holds 23.14%. The Federal Agency for Management of State Property (Rosimushchestvo) sold on March 2011 the 25.5 percent state-owned stake in the Volgograd River Port Corporation to the JSC Volga Pipe Plant for US$ 3.9 million. Overall, 122,856 of common stock of Volgograd River Port were put up for auction for an initial price of US$ 890,736 for the entire 25.5% stake. There were 5 bidders at the auction, including Southern River Port JSC and Complex AeroService LLC. Add additional investment in physical assests of 3.9 in 2011.