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Southern port mulls spending $530 mln on buying into local cos.

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MOSCOW, April 25 (RIA Novosti) - Novorossiisk Commercial Sea Port (NCSP) said Tuesday its shareholders would consider purchasing controlling stakes in key local companies for $530 million at an extraordinary meeting in early June.

The company plans to secure a $450 million loan with a maturity of no less than three years and interest rate of maximum 12% from state-owned savings bank Sberbank.

The company's board of directors fixed the extraordinary shareholders' meeting for June 9.

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