7 Jul 2010 13:13
07 July 2010
Novorossiysk Commercial Sea Port Group (LSE: NCSP, RTS and MICEX: NMTP) hereby reports the satisfactory ruling of the Moscow Arbitration Court regarding the claim by PJSC Novorossiysk Grain Terminal (PJSC NGT) to annul the resolution and the directive of the Federal Antimonopoly Service (FAS of Russia) from 19 March 2010.
On 06 July 2010 Moscow Arbitration Court ruled illegitimate both the resolution of FAS of Russia from 19 March 2010 convicting PJSC NGT of anti-monopoly regulation breach, and the directive of FAS of Russia to implement actions aimed at protection of competition.
About NCSP Group
Novorossiysk Commercial Sea Port is the largest Russian port operator in terms of cargo turnover. Group's consolidated cargo turnover in 2009 totaled 86.5 million tons. Consolidated revenue to IFRS in 2009 totaled $675.1 million and net profit $252.2 million.
NCSP shares are traded on Russia's RTS and MICEX exchanges (NMTP) and on the London Stock Exchange (NCSP) in the form of GDRs (1 GDR representing 75 shares).
NCSP Group includes the following stevedore companies: PJSC NCSP, PJSC Novorossiysk Grain Terminal, OJSC Novorossiysk Shipyard, PJSC NCSP Fleet, OJSC Novoroslesexport, OJSC IPP, and Baltic Stevedoring Company Ltd.
For more information please contact:
Tel.: +7 (495) 783-5434; IR@nmtp.info
Pjsc Novor. S (NCSP)