First Quantum looking to take FESCO's 50% of NCC.
Russian container shipping company FESCO (RTC:FESH) may get an offer for its 50% holding in National Container Company, or NCC, from oil trader First Quantum, local business daily Kommersant wrote on Thursday, citing a manager from Russia's bank Sberbank (RTC:SBER).
Tatyana Sakharova, manager at Sberbank's lending department, told Kommersant that First Quantum, the owner of the other 50% in NCC, is looking to get a USD440m (EUR314m) loan for acquisitions.
Sergei Generalov, controlling FESCO, however, denied any interest in selling the NCC stake and described the price mentioned as derisory, the paper reported.
Sector: Water Transport
Target: National Container Company
Buyer: First Quantum Petroleum
Vendor: FESCO Plc
Deal size in USD: 440m
Type: Corporate acquisition
Comment: FESCO's owner says the stake is not for sale, the price is derisory
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|Publication:||M & A Navigator|
|Date:||Jan 28, 2010|
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