The Magadan Commercial Sea Port was acquired by independent investors who intend to revamp it, the Kommersant reported.
Experts are estimating the amount needed to invest at no less than $100 million, yet wondering about its further primary functions.
The four investors acquired 24.5% each. Their core strategy is to upgrade the port and to increase cargo turnover. The amount and terms of transaction were not disclosed.
OJSC Magadan Commercial Sea Port (tax number: 4909047613) is principally engaged in handling, storage and warehousing of containers and other cargoes.