OREANDA-NEWS. August 17, 2007. At the special meeting August 16 the holders of Tuapsinsky Sea Port decided to convert 165548 common stocks of 2.1thousand rub. par into 8749211800 stocks of 0.04 rub. par,.

The Port is a main operator in Tuapse having 20mln ton of cargo/y. The 2006-revenues (RAS) gained 1.6bn rub.; net profit - 715mln rub. The share capital is worth 349.968mln rub. The major holders involve NLMK (69.41%), Russian state property committee (25%).