MOSCOW (Thomson Financial) - Magnitogorsk Iron and Steel Works (MMK) said it yesterday sold a 50 pct stake in Vladivostok commercial sea port manager M-Port, Interfax reported.

MMK did not say who bought the stake or how much the buyer paid for it.

The Russian steel producer said last month that it had agreed to sell a 42 pct stake in the port to the Port-Aktiv management company for an undisclosed amount. alfred.kueppers@thomson.com amk/bsd COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.