FESCO Transportation 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; ).[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 General Director and Chairman of the Executive Board is Peter Ivanov.
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]