Support The Moscow Times!

Fesco to Sell Half of Unit

Fesco Transport Group, the largest Russian transporter of shipping containers, agreed to sell its half of National Container for $900 million, Vedomosti reported Monday, citing unidentified people familiar with the matter.

Fesco will sell its stake to co-owner Vitaly Yuzhilin’s First Quantum holding company and his partner Andrei Kobzar, the newspaper said. Fesco rejected a $440 million offer for the 50 percent stake at the start of the year, according to Vedomosti. 

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.