Global Ports shareholders okay add'l issue in light of NCC buy
MOSCOW. Sept 27 (Interfax) - The stockholders in Global Ports, which is looking to purchase the National Container Company (NCC) group, approved an additional issue to help cover the buy at an EGM on Friday, a company statement says.
"The board welcomes the support shown today by our shareholders for the proposed acquisition of NCC Group, a transaction which will cement our leadership in the Russian container handling market and give us a unique position in what is one of the fastest growing container markets in the world. The support of the minority free-float shareholders was a requirement for this deal to proceed and we are delighted that they recognized the significant value this transaction will bring. The acquisition of NCC Group will be a significant step in the development of Global Ports, creating the leading container terminal operator in Eastern Europe with a focus on the growing Russian container market," company Chairman Nikita Mishin is quoted as saying.
