Novorossiysk Shipping Company (Novoship OJSC) is valued at RUR 36.707 billion (some $1.48 billion) in the context of merge with Sovcomflot OJSC, Gudok.RU reports. One ordinary share is valued at RUR 81, one preferred – at RUR 50. Thus, the complete block of ordinary shares (375,840,500 shares) is valued at RUR 30.443 billion, the block of preferred shares - (125,280,000 shares) – at RUR 6.264 billion. The state share in Novoship (50.34% of the authorized capital, 67.13% of ordinary shares) is valued at RUR 20.6 billion. One ordinary share of Sovcomflot is valued at RUR 34.28. The value of 100% of shares (authorized capital of Sovcomflot consists of 1,364,538,517 ordinary shares) is RUR 46.776 billion (some $1.89). Thus, Sovcomflot is to carry out additional emission of shares to the volume of 44% of the company’s authorized capital. The companies were evaluated by "2К Audit – Business consulting" and investment bank Morgan Stanley. The reports have been endorsed by the Federal Property Management Agency (RosImushchestvo).