Evraz signed an agreement to sell 100% of the share capital of its subsidiary JSC “Evraz Nakhodka commercial sea port”, the company Lanebrook Limited, the beneficiaries of which are Roman Abramovich, Alexander Abramov, Alexander Frolov and Eugene Shvidler. This is stated in the message on the website of Evraz.
The report notes that the transaction amount is $354,4 million But the deal is subject to approval by the independent shareholders, as Lanebrook owns of 63.79% of the shares of Evraz and is considered a related party, according to British law she is considered a “transaction of interest”. Meeting of shareholders scheduled for 23 may 2017, the report said.
In addition, as part of the transaction, Evraz Nakhodka and the port sign an agreement on transshipment, under which the company agreed to supply and the port to handle the cargo (coal and metals) “in a certain volume and on certain tariffs within 5 years.”
In March, the President of Evraz Alexander Frolov has confirmed the company’s desire to sell the subsidiary in the port of Nakhodka “Evraz NCSP”. “Kommersant” wrote that to buy a terminal in the port would ten candidates, among whom was named the former Governor of Primorsky region Sergei Darkin, former co-owner Evraz Alexander Katunin, co-owner of novaporta Roman Trotsenko, the group “Sum” Ziyavudin Magomedov, Kuzbassrazrezugol, Global Ports, SC “Business” of Sergey Shishkarev, as well as companies from Kazakhstan and China.
The newspaper’s sources said then that the estimated Evraz, “Evraz NCSP” in the $275-300 million by One of the candidates, in turn, been evaluated by the port of $261 million, and the remaining contenders, the newspaper wrote, offered more than $290 million.
As stated on the website of the company, “Evraz Nakhodka commercial sea port” is one of the largest stevedoring companies in the far East of Russia. In 2015, the total turnover of “Evraz NCSP” was 9.2 million tons. “Evraz NCSP” has 15 cargo berths and one auxiliary port fleet, whose total length is 3.5 km. the Berths are universal and able to accept vessels with a draught of 11 m, length 230 m, width 32 m. currently the port has the ability to deliver on its piers 15 vessels simultaneously and handle more than 1,500 large vessels a year.
