On December 13, Joint-Stock North-Western Shipping Company acquired a 99.9399% equity stake in Valeran Properties LLC, the shipping company informed.
The shipping company's previous stake in Valeran Properties was not disclosed in the statement.
Valeran Properties LLC (Nizhny Novgorod, tax number: 7710670235) registered on April 10, 2007 is principally engaged in the leasing of real estate.
Joint-Stock North-Western Shipping Company (NWSC, tax number: 7812023195) is a major carrier in the waterborne traffic system of Russia specializing in the transportation of general and bulk cargoes, towing of outsize vessels and waterborne vehicles. NWSC is part of VBTH holding whose majority shareholder is the international transport group Universal Cargo Logistics Holding consolidating a number of Russian ship operators, stevedoring companies and shipyards.
According to the information and retrieval system DataCapital, RAS net loss of NWSC for 9 months 2013 increased 8.76-fold to RUB 605.062 million from RUB 69.087 million the year before. Revenue increased by 33.3% to RUB 3.801 billion from RUB 2.852 billion, sales loss 5.44-fold to RUB 333.959 million from RUB 61.386 million, loss before tax 5.7-fold to RUB 643.297 million from RUB 112.937 million.