Evraz has postponed a tender on the sale of a port in Nakhodka

Nadezhda Ivanova's picture

Evraz has postponed a tender on the sale of “Evraz NTMP” in Nakhodka, the owner of Novoport, R. Trotsenko, said.

Evidently the deal will be held in another form, he said.

Novoport offered $250 mln for the asset.

In late November 2016 Evraz was reported to be looking for buyers for 100% of “Evraz NTMP” in Nakhodka. There are about a dozen candidates for this asset. Among them are the former Governor of Primorie, S. Darkin, ex co-owner of Evraz, A. Katunin, Novaport, Summa, Kuzbazzrazrezugol, Global Ports and Delo GC. Chinese and Kazakh companies are also interested in the asset.

The main advantage that make the offer of Evraz attractive is the readiness of the company to sign a long-term contract for the shipment of 5 mln tons of metal products and 5 mln tons of coal on the take-or-pay conditions.

The port is not a core asset of the company and the sale of “Evraz NTMP” would allow the head company to reduce its debts. Evraz has been looking buyers for “Evraz NTMP” for a few years already.

Evraz Nakhodka sea trade port is one of the largest stevedore companies in the Far East of Russia. The port is located in the Nakhodka Bay. The opportunities of the port allow to unload up to 450 wagons with various types of cargo a day.


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