MOSCOW, March 6 (RIA Novosti) - Severstaltrans Group said Tuesday it has closed a deal to buy the St. Petersburg-based Petrolesport (PLP) stevedore company.
"Acquisition of PLP is part of the company's plans to expand its container [transport] business," Nikita Mishin, a member of Severstaltrans Group Board of Directors, said.
The company said earlier it is planning an investment program to increase the volume of container operations to 1.5-2 million 20-foot equivalent units (TEU) a year.
The programs include the building of container terminals in Russia's Far East, specifically at the ports of Vladivostok and Vostochny.
