Novorossiysk Commercial Sea Port PJSC (“NCSP Group” or the “Group”) (LSE: NCSP, MICEX-RTS: NMTP) will participate in the International Investment Forum Sochi 2012, which is being held on 20-23 September 2012 in Sochi.
Today NCSP CEO Rado Antolovic will take part in a panel discussion entitled “Investments in infrastructure in volatile conditions”. The Russian Federation Minister of Transport Maxim Sokolov will also be among the panel participants. The panel will be hosted by Yekaterina Trofimova, First Vice-President of Gazprombank.
During the forum, NCSP Group and the Novorossiysk City Administration plan to sign an agreement of intent for the implementation of an investment project in the Krasnodar Region.
About NCSP Group
NCSP Group is the largest Russian port operator in terms of cargo turnover. NCSP shares are traded on Russia's MICEX-RTS exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). 50.1% shares of PJSC “NCSP” belong to Novoport Holding Ltd, the beneficial owners of which are OJSC “Transneft” and Summa Group. NCSP Group cargo turnover in 2011 totalled 157 million tonnes. Consolidated revenue according to IFRS in 2011 totalled $1,050 million and EBITDA was $550 million. NCSP Group combines the following stevedoring and other companies: OJSC “Novorossiysk Commercial Sea Port”, LLC “Primorsk Trade Port” (since 2011), PJSC “Novorossiysk Grain Terminal”, OJSC “Novorossiysk Ship Repair Yard”, OJSC “NCSP Fleet”, OJSC “NLE”, OJSC “IPP”, CJSC Baltic Stevedore Company, CJSC “SFP” and LLC NFT (joint venture).
For more information contact:
Public relations: ksenko@ncsp.com;
Investor relations: mborovikov@ncsp.com