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PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Wins Anti-Monopoly Case in Court of Appeal
17-Oct-2017 / 15:43 CET/CEST
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Press-release
NCSP Wins Anti-Monopoly Case in Court of Appeal
17.10.2017
NCSP Group (LSE: NCSP, MoEx: NMTP) hereby reports that on 17 October 2017
the Ninth Arbitration Court of Appeal in Moscow has rules in favor of PJSC
NCSP, and upheld the previous ruling of the Arbitration Court of Moscow, in
the case to appeal and indictment of the Federal Anti-Monopoly Service of
Russia (FAS).
Previously on 21 July 2017 the Arbitration Court of Moscow ruled to satisfy
the appeal of PJSC NCSP and hold invalid an indictment by FAS dated
30.03.2017 and 22.03.2017, which held NCSP guilty of breaching the Federal
law On Protection of Competition and upholding monopolistically high tariffs
for transshipment of chemical cargo and fertilizers, non-ferrous metals,
crude oil and refined oil products, and partially containers and ferrous
metals, and demanded to cancel these tariffs and remit monopolistic revenues
to the state.
About NCSP Group
NCSP Group is the largest port operator in Russia and the third largest in
Europe by cargo turnover in 2016. NCSP Group is traded on Moscow Exchange
(NMTP) and London Stock Exchange as GDRs (NCSP). NCSP Group volumes in 2016
totaled 147 million tons. NCSP Group consists of: PJSC Novorossiysk
Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain
Terminal, OJSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, OJSC
IPP, Baltic Stevedore Company LLC, JSC SFP.
Contacts
Kristina Senko, Public Relations: KSenko@ncsp.com
Mikhail Shchur, Investor Relations: MShchur@ncsp.com
ISIN: US67011U2087
Category Code: MSCH
TIDM: NCSP
Sequence No.: 4749
End of Announcement EQS News Service
619775 17-Oct-2017
(END) Dow Jones Newswires
October 17, 2017 09:43 ET (13:43 GMT)
