Fesco will not buy NCC and state-owned stock of the NCSP26 July 2013
The NCC owners Vitaliy Yuzhilin and Andrey Kobzar started negotiations on the sale of the company. According to several sources, close to sellers, the offer to buy the NCC was sent to UCL Ports, Summa Group and Global Ports. But now negotiations are held only with the Global Ports. The value of NCC assets is US$1,4 billions, as stated in materials of Global Ports(the company disclosed this information on the NCC at the request of the LSE). But the NCC still has a high debt burden of about US$1 billion, as said by the NCC sources.
Rosimuschestvo (State property fund) intends to sell its stock in the NCSP till end of the year. Among the candidates to buy are mentioned the DELO-Group of Sergey Shishkarev, NefteGazIndustry of Vladimir Kogan, Arabian fund Invest AD, United Capital Partners of Iliya Scherbovich, Ukrainian terminal group TIS, Noble Group, International Container Terminal Services (Philippines) , Macquarie Renaissance Infrastructure Fund. The 20% stock of the NCSP is presently valued at US$352 million at the LSE.