08.07.2013

Auction House of the Russian Federation prepares 100% share package in Kurgannefteprodukt for sale

On 30 August 2013, the Auction House of the Russian Federation (AHR), by order of Sberbank of Russia, will hold an English auction for the sale of 100% of charter capital in Kurgannefteprodukt. The starting price of the lot is 1.6 billion rubles.

Kurgannefteprodukt, through the affiliated structure TMT, in which it owns a 100% share, has movable and immovable property that is part of a complex of a modern terminal for loading fuel oil. The terminal was put into operation in 2006, with observance of all modern requirements for loading complexes, taking into account the functional zoning of the territory, the development of the railway line network, transport flows and the possible further expansion, and is designed for receiving, storing and delivering M-100 fuel oil for export.

The terminal is located in one of the oldest industrial zones of Taganrog in the Rostov Oblast, on the shore of the Taganrog gulf, at the address: ul. Komsomolsky Spusk, 1 and 1-5.

The capacities of the fuel oil terminal make it possible to handle 2 million tons of oil products a year, which creates considerable potential for the company to take a considerable percentage of the market in the export segment of the oil products market.

The fuel oil loading complex is equipped with all the necessary engineering communications. In 2008, installation was completed of Danish air-purifying equipment at reservoirs for the storage of oil products on the territory of the fuel oil terminal. This new equipment was installed for the first time at a Russian factory, and will help to reduce the emission of harmful substances into the atmosphere up to 95%.

Up for sale as a single lot at the auction:
100% share in the charter capital of Kurgannefteprodukt
debt on a line of credit to Sberbank (as of 01.07.2013 this came to 1 625 592 912.07 rub. (including interest).

Starting price of lot - 1 641 600 858.07 rubles.
Sum of deposit - 20 000 000 rubles.
Auction step - 10 000 000 rubles.
Applications for participation in the auction are accepted until 29 August 2013.

Reference:

Kurgannefteprodukt is registered in Taganrog.
Kurgannefteprodukt is an operation company located in the south of Russia.
The company is responsible for transport processing of cargo, wholesale trade of fuel, grain, animal feed, agricultural raw materials etc. The main activity of the organization is the handling of M-100 fuel oil.
The terminal laboratory for handling fuel oil is accredited at the Federal Agency for Technical Regulation and Metrology. It is equipped with the most modern equipment manufactured in Germany, Japan and the UK.
At present, as part of providing services for handling oil products, the company works successfully with organizations from Russia, Canada and the British Virgin Islands.