Rosatom State Corporation, in accordance with a previously reached arrangements, has exercised an option to increase its share in Delo Group.
After the transaction was completed, the following distribution of Delo Management Company shares (the parent company of the Group) is established: Chairman of the Board of Directors Sergey Shishkarev owns 51%, and JSC Atomenergoprom. part of Rosatom, owns 49%.
Delo Group aims to use the proceeds from the deal to implement a range of investment projects and reduce its debt burden.
The implementation of the option is aimed at further realization of ROSATOM’s strategy for the expanding of new business areas and increasing presence in the logistics segment as one of the priority development directions in the non-nuclear segment. The option is also a sign that the Delo Group’s business model is effective.
Since ROSATOM became a shareholder of the Group in 2019, the successful integration of companies in the logistics sector continues, considering the best corporate practices, the companies said in a statement. The Group’s operating companies have been successfully implementing multimodal cargo transportation to NPP facilities under construction all over the world for more than two years.
Rosatom State Corporation through increasing its business presence in the logistics industry implements several projects of national importance, including the development of container and other transshipment types along the Northern Sea Transport Corridor, increasing the efficiency of its own project logistics, and introducing innovative transport solutions both in the field of digital technology and new materials.