Iranian investor seeks to increase stake in Russia's Astrakhan Port
An Iranian company, Nasim Bahr Kish, has made a formal offer to the shareholders of PJSC Astrakhan Port to buy their shares, signalling its intention to boost its ownership in the key Russian maritime facility.
According to a mandatory proposal published on the port’s official website, Nasim Bahr Kish currently holds a majority stake of 53.66% (9,923 shares) in Astrakhan Port, Caliber.Az reports.
At the end of June, the company submitted an offer to acquire the remaining shares from other shareholders.
Specifically, the Iranian investor aims to purchase 46.3% (8,570) of ordinary shares and 48.7% (over 3,000) of preferred shares.
Should the shareholders agree to sell their stakes, the total value of the deal would reach approximately 437.5 million roubles (around 4.86 million US dollars).
The price per share is set at 37,802 roubles (approximately $483).
PJSC Astrakhan Port, located on the Volga River in Russia's Astrakhan Oblast, is a significant maritime hub in the Caspian Sea region.
Established in 1722, it boasts a waterfront of 3.6 km and a water area of 54 km².
The port comprises 14 terminals and handles approximately 12 million tons of cargo annually, including general, bulk, and containerised goods, as well as passengers.
By Aghakazim Guliyev