Novorossiysk Port Increased Its Share in IPP

The sum of the deal totaled $94.395 bn.The Novorossiysk Commercial Sea Port has closed a deal on purchasing a 22.57% share in IPP, JSC (handles diesel and bunker fuel and liquefied mineral fertilizers).  According to the press-service of the company, as a result the port’s share in IPP grew from 72.65% up to 95.22%. the net profit – up to $56.3 mn.

Source: Portnews