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M&A: Ust-Luga Co. consolidates 100% of Baltic Petrochemical Terminal

On December 31, 2013, JSC Ust-Luga Company increased its equity position in BNT JSC to 100%, the company informed.

Prior to that deal, Ust-Luga Company had 0.4% of the voting shares in the terminal.

BNT JSC (Baltic Petrochemical Terminal, Kingisepp, tax number: 4707026924) registered on March 27, 2008 is principally engaged in the provision of cargo handling and storage services.

JSC Ust-Luga Company (Kingisepp, tax number: 4707005410) is the owner and developer of the Ust-Luga Sea Commercial Port project in Luga Bay of the Gulf of Finland. While implementing the port construction project, the company is engaged in comprehensive social and economic development of the port surroundings.

According to the information and retrieval system DataCapital, RAS net profit of JSC Ust-Luga Company for 2012 grew by 11.21% to RUB 21.564 million from RUB 19.391 million the year before. Revenue dropped 2.67-fold to RUB 274.176 million from RUB 731.239 million.

"AK&M", 13.01.2014


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