Tuesday, August 21, 2007

FESCO has agreed to purchase 100% of Vladivostok Commercial Port.

Far East Shipping Company (FESCO) and the Vladivostok Sea Commercial Port (VSCP) have entered into an agreement whereby the shipping company will acquire 100% of the charter capital in M-port, the ports managing company, VSCP CEO Siman Povarenkin told reporters in Moscow on Monday.

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[Source: Russian Stock Market Blog]

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