The Sankt Petersburg-based company Garcia is buying the 46,65 percent stake in the port from the companies Laterium Commercial Limited and Specialized Project Investments. The two companies, which are believed to be owned by Nikolai Yegorov and Soslan Khorebov, have until now controlled respectively 12,68 and 34,97 percent of the port.
As BarentsObserver previously reported, several powerful groups, among them structures belonging to Oleg Deripaska and Gennady Timchenko, were believed to bid for the important port, the biggest in the world north of the Arctic Circle.
However, it is not clear whether some of these structures are involved in the acquisition or not. According to Gazeta.ru, the Garcia company was established in July 2011 with a founding capital of 10000 RUB . The registered owner of the company is a man with the name Andrey Uchitel. However, he rejects any link with Deripaska or Timchenko.
Speculations are now running high in Murmansk about who is behind the deal. According to not confirmed information from the Moscow Post, Gennady Timchenko is afterall the man behind Garcia.
The sale of the shares was made in an auction organized by the Russian Federal Property Agency (Rosimushchestvo) this week. The starting price for bidders was 7.5 billion RUB, Gazeta.ru reports.
The Port of Murmansk is one of Russia’s biggest coal ports. It is also a key unit in the rapidly growing Arctic shipping, as well as the plans for regional hydrocarbon field development, and handles significant volumes of mineral ore, metals and oil products.
The port was in 2010 granted status as special economic port zone, something which is expected to boost its popularity among investors. The enhanced port status is also believed to help prepare the ground for the major upcoming developments linked with the Shtokman gas project in the Barents Sea.
Russia’s only aircraft carrier, the Northern Fleet’s “Admiral Kuznetsov”, has finished repairs and is ready to leave the port of Murmansk. According to a Russian news agency, the vessel will sail to Syria.
A century and a half ago, Norway was home to roughly three thousand brown bears, the majority of bears in all of Scandinavia. By 1930, the bears were virtually extinct. Decades of aggressive management tactics and bounties had wiped out one of the area’s most iconic species.
Microplastics, the tiny plastic particles that are accumulating in marine waters and big lakes around the world, are now showing up in the Arctic waters south and southwest of Svalbard, Norway, a new study says.
REYKJAVIK: The climatic changes taking place in the Arctic are a call to action for the world. We must answer with more international cooperation and more research, says Tore Hattrem, State Secretary of Norway’s Foreign Ministry.
“Partnership should and shall shape the development of the Arctic, therefore cooperation is the starting point for our Arctic policy,” Vladimir Barbin, Senior Arctic Official and representative to the Arctic Council, said at the Arctic Circle 2015 assembly.
August 9th, the Barents Region celebrated the UN International Day of the World’s Indigenous Peoples. The day was commemorated in several parts of the region, including Karasjok in Northern Norway and Teriberka in Northwestern Russia.
Norway’s Foreign Minister Børge Brende has asked Russia for an explanation to the high number of asylum seekers coming to Norway via Russia. Syrian refugees that have lived in Russia for a long time, will be stopped on the border and sent back.