M&A: Magadan Commercial Sea Port goes to independent investors

18/02/2013
11:42

M&A: Magadan Commercial Sea Port goes to independent investors

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.

"AK&M", 18.02.2013

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