Far Eastern Shipping Co, the main company in FESCO Group, has closed the acquisition of 25% plus 1 share in the rail container operator Russkaya Troyka. The ownership transfer was registered on January 1, FESCO informed.
FESCO won the auction to sell Russian Railways’ 236,000 ordinary shares in Russkaya Troyka on December 20, 2019, offering 622 mn rubles ($9.8 mn) for the package.
FESCO said they intend to use Russkaya Troyka’s rolling stock (1,638 fitting platforms) to develop their core container business carrying cargo by the TransSiberian Railway in the framework of their intermodal services.