Suek Coal Miner to Bid for Murmansk Seaport, Kommersant Reports

Siberian Coal Energy Co., Russian billionaire Andrey Melnichenko’s mining company, is seeking to gain control of Murmansk seaport in northwest Russia, one of the country’s largest gateways for coal export, Kommersant said.

The company, also known as Suek, already owns 24.9 percent of shares in the seaport and teamed up with billionaire Mikhail Fridman’s Alfa Group to bid jointly for the state’s 34 percent stake, which may be sold as early as this year, the Moscow-based newspaper said, citing unidentified people familiar with the matter.

To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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