RIYADH, Oct 24 (PRIME) -- Dubai’s port operator DP World is considering investing in Russian ports in Vladivostok, the Black Sea and the Baltic Sea, but has not made a final decision yet, DP World CEO Sultan Ahmed bin Sulayem told PRIME on Tuesday.
“We are studying any possibility to buy a transport company in Russia. And we are making appraisals. Vladivostok is very important, Zarubino is very important, the Black Sea and the Baltic Sea – these are three places which we are studying and have not decided yet where we will go. There is no decision yet,” he said.
He did not comment on its deal with the Russian Direct Investment Fund (RDIF) to buy a stake in Russia’s Far Eastern Shipping Company (FESCO).
The Federal Antimonopoly Service earlier received an application from DP World and RDIF to buy a stake in FESCO.
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