NCSP and VTB have closed the deal on the sale of Novorossiysk Grain Terminal

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PJSC 'Novorossiysk Commercial Sea Port' (NCSP) 
NCSP and VTB have closed the deal on the sale of Novorossiysk Grain Terminal 
 
25-Apr-2019 / 12:18 MSK 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer / publisher is solely responsible for the content of this 
announcement. 
 
                               Press Release 
 
NCSP and VTB have closed the deal on the sale of Novorossiysk Grain Terminal 
 
                                                              April 25, 2019 
 
PJSC NCSP (LSE: NCSP, MOEX: NCSP) and VTB Bank have announced the closure of 
        the deal on the sale of all PJSC NCSP's shares in Novorossiysk Grain 
                                                               Terminal LLC. 
 
    The deal was made on the 23rd of April 2019 as part of the creation of a 
                                    unified grain export operator in Russia. 
 
      VTB Group believes that grain export development in Russia has a great 
potential, especially it appreciates the opportunities for further growth in 
  grain transshipment capacities through deep sea terminals. The purchase of 
       NGT LLC is an integral part of VTB Group's strategy on infrastructure 
            investments, which include various large transport and logistics 
                                                  infrastructure facilities. 
 
NGT LLC operates grain and oil seeds cargo, as well as provides services for 
        unloading of grain crops from railway cars and vehicles, storage and 
 preparation of ship batches. Cargo turnover of NGT LLC totaled 6.33 million 
                                                               tons in 2018. 
 
 Transaction size in money terms is 35,500,000,000 (thirty-five billion five 
  hundred million) rubles, that is 28.9% of value of PJSC NCSP's assets. The 
          deal was approved by Board of Directors at the 18th of April 2019. 
 
 The results of the deal on the sale of NGT LLC have been taken into account 
   in the NCSP Group Development Strategy for 2024, the development of which 
                                                  currently comes to an end. 
 
   NCSP Group is the largest port operator in Russia by cargo turnover. PJSC 
                Transneft is the controlling shareholder (62%) of PJSC NSCP. 
 
 NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as 
    GDRs (NCSP). NCSP Group volumes in 2018 totaled 140.2 million tons. NCSP 
Group consists of: PJSC NSCP, LLC Primorsk Trade Port, JSC Novorossiysk Ship 
 Repair Yard, JSC NCSP Fleet, JSC NLE, LLC IPP, Baltic Stevedore Company LLC 
                                                                and LLC SFP. 
 
ISIN:          US67011U2087 
Category Code: AGR 
TIDM:          NCSP 
LEI Code:      LEIA0010014976 
Sequence No.:  8332 
EQS News ID:   803353 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

April 25, 2019 05:18 ET (09:18 GMT)