Shares of Summa GroupТs firms fall on arrest of co-owner Magomedov - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Shares of Summa GroupТs firms fall on arrest of co-owner Magomedov

MOSCOW, Apr 2 (PRIME) -- Shares of companies of Summa Group Ц Commercial Port of Vladivostok, Novorossiysk Commercial Sea Port (NCSP), and railway container operator TransContainer Ц fell on the Moscow Exchange on Monday following arrest of SummaТs co-owner and chairman of the board of directors Ziyavudin Magomedov.

According to the Moscow Exchange, Commercial Port of Vladivostok fell 18.4%, TransContainer shrank 3.8%, and NCSP fell 2.9% as of 10.11 a.m. Moscow time, when the MOEX Russia Index has gained 0.2%.

Commercial Port of Vladivostok is a part of Summa GroupТs Far Eastern Shipping Company (FESCO), which owns 25.07% in TransContainer. Summa controls a 50.1% stake in NCSP on a parity basis with oil pipeline monopoly Transneft.

On Saturday, the Tverskoi District Court of Moscow sanctioned arrest of Magomedov and his brother, Magomed Magomedov, on charges of embezzlement of 2.5 billion rubles, and also arrested Artur Maksidov, CEO of SummaТs construction subsidiary Inteks, on charges of embezzlement of 669 million rubles.

(57.2649 rubles Ц U.S. $1)


02.04.2018 10:36
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 75.5358 -1.2198 16 nov
USD 66.6159 -1.3816 16 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1131.13 +1.24 18:50 15 nov
micex 2381.45 +0.12 18:50 15 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 154.14 +1.51 18:49 15 nov
lkoh 4854.00 -0.05 18:49 15 nov
rosn 424.25 -0.68 18:49 15 nov
sber 200.15 +0.48 18:49 15 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 75.2000 -1.2400 14:59 15 nov
USDTD 66.6000 -0.4600 17:44 15 nov