Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

10/01 14:29   Lavrov: West's unilateral use of force in Mideast may cause situation to go out of control
 
10/01 14:28   Lavrov says more projects on Korean Peninsula possible after Trans-Siberian, Trans-Korean railroads linked
 
10/01 14:23   Russians discouraged from traveling to Hong Kong
 
10/01 14:23   Zakharchenko: DPR has no intention to swap lands with Kyiv (Part 2)
 
10/01 14:22   Zakharchenko: DPR has no intention to swap lands with Kyiv (Part 2)
 
10/01 14:21   First hearing of VTB's 3 bln ruble suit against Mechel set for Nov 5
 
10/01 14:21   CENTRAL BANK OF RUSSIA RUBLE EXCHANGE RATES FROM 02.10.2014
 
10/01 14:20   CRIME YEVTUSHENKOV IS CHARGED WITH NOT 'ECONOMIC,' IT IS GRAVE, SO HE CAN BE KEPT UNDER HOUSE ARREST - MOSCOW CITY COURT
 
10/01 14:20   Turkey overtakes Italy as No. 2 Russian gas buyer
 
10/01 14:19   Exchange of top-level visits between Russia, N. Korea possible - Lavrov
 




 

Interfax.com  |  Interfax news  |  British regulator resumes trade in Global Ports...


News headlines


May 30, 2013 18:03

British regulator resumes trade in Global Ports GDR (Part 2)

MOSCOW. May 30 (Interfax) - Great Britain's Financial Conduct Authority has resumed trading in Global Ports' global depositary receipts (GDR), the London Stock Exchange (LSE) reported.

The suspension was in force since 5:30 p.m. Moscow time on May 24. On that day, Russian business daily Vedomosti reported that businessmen Vitaly Yuzhilin and Andrei Kobzar are in talks with Global Ports to sell National Container Company (NCC).

The suspension was lifted at 5:30 p.m. Moscow time on Thursday.

Earlier in the day, Global Ports confirmed that it is in talks with the owners of NCC, although "there is no certainty as to the outcome of such negotiations at this stage."

Vedomosti had previously reported that Yuzhilin and Kobzar had put NCC up for sale, citing sources close to the company and Yuzhilin. The potential buyers are Global Ports, Summa Group and UCL Ports, the paper said, adding that "detailed negotiations are only being held with Global Ports."

However, there is no certainty yet as to the size of the stake that Global Ports might buy, the structure of the sale or the price, the paper cited one source as saying. But the group has already done due diligence, the source said, without disclosing the valuation of NCC. Vedomosti cited another source as saying that Yuzhilin will only sell 75% of NCC.

Yuzhilin and Kobzar are selling the business because of NCC's heavy debt burden of about $1 billion, one of the paper's sources believes. Kobzar bought 53.81% of NCC from Sergei Generalov's Industrial Investors in the middle of 2010 for $900 million. The deal was fully financed with a loan from Sberbank of Russia (RTS: SBER), a source close to NCC told the paper.

Forbes estimates that Yuzhilin has a fortune of $450 million and that Kobzar is worth $600 million. Yuzhilin is a deputy in the State Duma, first elected in 2003, and sits on the budget and taxes committee.

Eb of

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire

October 01, 2014
 
14:15
Kostin confirms "new points" in settling Mechel's debt (Part 2)
 
14:14
Some of insurance contributions burden could be shifted to population - Siluanov
 
14:13
MOSCOW CITY COURT: THERE ARE NO REASONS TO ALLOW YEVTUSHENKOV TO GO TO WORK, USE TELEPHONE
 
14:12
MOSCOW CITY COURT: YEVTUSHENKOV'S INVOLVEMENT IN CRIME CONFIRMED BY MATERIALS PROVIDED BY INVESTIGATION
 
14:09
Eyewitnesses report Donetsk mine bombardment
 
14:08
 
14:08
Eyewitnesses report Donetsk mine bombardment
 
14:07
Resumption of six-party talks on N. Korea possible given consent of all participants - Lavrov
 
14:06
Russian oil export duty falls $22.9 to $344.7/tonne on Oct 1
 
14:05
DPR says Ukrainian shell kills eight at bus stop
 
14:04
Artillery round hits Donetsk school, 2 killed - self-proclaimed Donetsk People's Republic education minister (Part 2)
 
14:04
Federation Council approves Eurasian Economic Union Treaty (Part 2)
 
14:04
Zakharchenko: DPR has no intention to swap lands with Kyiv
 
14:04
Matviyenko urges use of all mechanisms to bring peace to Ukraine (Part 2)
 
 more headlines 



Interviews
 

.
Pakistani Ambassador to Russian Zaheer Aslam Janjua has given an interview to Interfax in which he speaks about prospects for supplying more Pakistani food products to Russia, the quality of such products and invites Russian companies to implement infrastructural projects in Pakistan.

more
.
.
John Padilla, managing director of consultants IPD Latin America, talks to Interfax about Colombia’s investment climate.

more
.
.
Palestinian leader Mahmoud Abbas signals readiness for compromise and praises Russia’s role in settling conflict in Middle East in an exclusive interview with Interfax

more

 
  
 ©   1991—2014   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100