Independent journal on economy and transport policy
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The Russian group Summa would be negotiating the acquisition of the control of compatriot FESCO
Negotiations in order to buy 56% of the capital stock in the hands of Sergey Generalov
May 18, 2012
(To make Eastern Shipping Company), shipowning society that has developed to own activity in all the main branches of the field of the transport. It has revealed today the Russian daily paper "Kommersant" specifying that the group Summa, of property of Ziyavudin Magomedov, could buy for about a billion of dollars 56% of the capital stock of the FESCO stopped by Sergey V. Generalov through the group Industrial Investors. According to the indiscretion, confirmed from the Reuters news agency, the negotiations would have reached the final phase.
Group FESCO has closed the exercise anniversary 2011 with a decided contraction of the economic results having had recorded a profit clearly of 29,1 million dollars on revenues for 1,0 billion dollars respect to a profit clearly of 455,9 million dollars on revenues for 800,6 million dollars in the exercise precedence. The operating profit is piled to 81,6 million dollars regarding 121,3 million dollars in 2010.
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(To make Eastern Shipping Company), shipowning society that has developed to own activity in all the main branches of the field of the transport. It has revealed today the Russian daily paper "Kommersant" specifying that the group Summa, of property of Ziyavudin Magomedov, could buy for about a billion of dollars 56% of the capital stock of the FESCO stopped by Sergey V. Generalov through the group Industrial Investors. According to the indiscretion, confirmed from the Reuters news agency, the negotiations would have reached the final phase.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
