OREANDA-NEWS. October 30, 2007. Transcreditbank OJSC plans to purchase some 5% of the shares of Novorossiysk Commercial Seaport (NMTP OJSC) in the course of IPO.

According to the information provided by the bank, the shares are to be purchased in favor of RZD OJSC. After NMTP IPO is completed, Russian Railways plans acquisition of a blocking parcel of NMTP shares. From October 22, NMTP holds a road show (IPO of 20% of shares). The company’s estimated capitalization is $3.9 – 4.9 billion. NMTP plans to raise $1 billion.