Novorossiysk privatisation by end of 2017?

It believes that the 20% sale in the Novorossiysk port is planned for 2017 with the auction being organised and run by Sherbank CIB.

Although, the sale of one of Russia’s largest sea ports has been on and off since 2012 with DP World recently confirming that it has an interest in the port.

Towards the end of 2016, DP World confirmed its interest in acquiring shares in Novorossiysk Commercial Sea Port in together with the Russian Direct Investment Fund (RDIF).

NCSP is a group of 10 stevedoring companies operating in the Russian ports of Black and Baltic Seas. It includes Russia’s two largest ports by cargo turnover, Novorossiysk on the Black Sea and Primorsk.

The Russian state controls 20% of NCSP and has been planning to sell this share for several years.