UCL Holding

History

2011: UCL Port creation

In November, 2011 it became known that UCL Holding merges the port assets in certain "subsidiary" of UCL Port whose shares can be in the long term placed on the exchange.

Share blocks of the belonging UCLH companies are transferred to "subholding" company UCL Port B.V.:

• Seaport St. Petersburg,
• Container St. Petersburg terminal,
• Taganrog sea trade port and
• SP Container Terminal Ltd, the owning company the Container St. Petersburg terminal.

Until the end of 2011 UCL Port will also include the Tuapse sea trade port and the company Universal transshipment facility which is based in the port of Ust-Luga.

The general goods turnover of the port assets merged within UCL Port in 2010 made 32 million tons, but consolidated revenues of these companies do not reveal.

Consolidation of port assets — a part of the development strategy UCLH which provides "strengthening of positions and gain of competitiveness of seaports of group at the expense of transition to transfer of more profitable and ecologically safe loads, creation of premises for an output of this business to the public market", the statement says.

Earlier Lisin said to journalists that UCLH plans the IPO of separate assets. The representative of UCLH Dmitry Baukov told Reuters that the company "in the long term does not exclude IPO UCL Port".

UCLH also promises to double turnover of port "daughter" by 2016. The holding wants to invest also in construction coal (16 million tons), the container terminal and the terminal on transfer of metals in the port of Taman^[1].

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