Fesco Transport Group Explained

FESCO Transportation Group
Type:Group of companies
Hq Location City:Moscow
Hq Location Country:Russia
Industry:Transportation
Revenue:₽56,993 million (2018)
Operating Income:₽8,334 million (2018)
Net Income:₽7,009 million (2018)
Assets:₽60,827 million (2018)
Equity:₽3,176 million (2018)
Num Employees:5,000 (2019)

FESCO Transportation Group (Russian: Fesco|r=FESCO Group) is an intermodal transport operator in Russia, which provides services, including marine shipping, roll-on/roll-off, rail transportation and port handling. The parent company of the Group is Far-Eastern Shipping Company JSC. FESCO Group is headquartered in Moscow.

Share capital and management

The base company of the group is the Far-Eastern Shipping Company (FESCO; Russian: Дальневосточное морское пароходство|r=Dal'nevostochnoye morskoye parokhodstvo).[1] The company was founded in Vladivostok in 1880.

FESCO is publicly traded as . Current shareholding structure is: Mr. Magomedov – 32.5%; entities controlled by Mr. Garber (is one of the controlling shareholders of GHP Group) – 23.8%, TPG – 17.4%, other shareholders/Free float – 26.3%. The chairman of the executive board of FESCO Transportation Group is Leyla Mammad Zada, the president is Alexander Isurin.

On 13 December 2012, Summa Group and GHP Group indirectly acquired 49.99% and 23.75% of the shares of FESCO, respectively. The acquisition was funded by a mixture of debt and equity. In December 2012, TPG joined in Summa Group's investment in FESCO, as a result of which TPG has certain rights in respect of oversight of the FESCO business and an indirect economic ownership interest of 17.5% in the Group.[2] [3]

Business

The majority of the company's operations are located in the Russian Far East. FESCO operations are handled by five divisions, namely Port, Rail, Liner and Logistics, Shipping, and Bunkering.

Cooperation highlights and joint ventures

The 100% FESCO subsidiary Transgarant and Russkaya Troyka (50% joint venture with the RZhD).[4]

In 2011, the Bremen-based BLG Group and FESCO founded a joint venture for logistics for the Russian automotive industry.[5]

See also

External links

Notes and References

  1. Web site: Far Eastern Shipping Co. Bloomberg L.P.. 4 April 2013.
  2. Web site: Barnard. Bruce. 14 December 2012. Russia's Summa Group Completes Fesco Takeover. 30 April 2021. The Journal of Commerce Online.
  3. Web site: 14 December 2012. Russia: Summa Group Acquires Stake in Eastern Shipping Company. 30 April 2021. Offshore Energy.
  4. Web site: Far Eastern Shipping Company FESCO PLC in Vladivostok.
  5. Web site: Fesco und BLG Logistics gründen Joint Venture. 27 October 2019. 21 September 2019. https://web.archive.org/web/20190921185556/https://www.verkehrsrundschau.de/nachrichten/fesco-und-blg-logistics-gruenden-joint-venture-1073034.html. dead.