Ziyavudin Magomedov files US$13.8B claim
NewsThe jailed Russian businessman, represented by Seladore Legal, LLC has filed the claim in the English High Court against Texas Pacific Group, DP World, Transneft, Rosatom and others
Novorossiysk undergoes ownership changes
JP Morgan has reduced its stake in Novorossiysk Commercial Seaport group (NMTP) from 18.41% to 8.249%. The buyer and the price have not been disclosed. Last October, Transneft, which had, on a 50-50 basis with Summa group, co-held a 50.1% stake in NMTP, bought a comparable stake (10.5%) in the port operator for about US$240M.
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