http://www.finamrus.com/newtopics/news03A80/default.asp
Shareholders of Novorossiysk Sea Commercial Port (NSCP) gave the green light at Monday's EGM held in absentia to the initial public offering (IPO), the company's materials said. According to the document, investment banks Morgan Stanley and TD Investments Limited will act as IPO underwriters. The company has not disclosed the IPO amount. As Interfax sources close to the company said, NSCP mulls placing 10% to 20% of its common shares that will be sold to its major shareholders. The agenda of the September 24 EGM included the issue of a major deal provided for by the underwriting agreement as part of the public placement by the company's domestic and foreign shareholders of commons and GDRs.
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