Report: Rosatom to acquire stake in Shishkaryov’s Delo Group

MOSCOW, Dec 3 (PRIME) -- Russian state nuclear power corporation Rosatom plans to acquire a 30% stake in managing company Delo, the parent company of Delo Group of tycoon Sergei Shishkaryov, RBC newswire reported on Tuesday quoting two sources familiar with the negotiations.

Under the deal, Delo will issue shares for an undisclosed sum that Rosatom will buy. The deal will be closed until the end of 2019. Two Rosatom representatives will enter Delo’s board of directors, the sources told RBC.

Negotiations of the deal started after Shishkaryov had announced plans to participate in an auction for 50% plus two shares in railway container operator TransContainer and Rosatom had acquired the status of the sole infrastructure operator of the Northern Sea Route. Rosatom will not finance the purchase of TransContainer by Delo, RBC reported.

Rosatom and Delo declined to comment.

On November 27, Delo Group won the TransContainer auction with a 60.3 billion ruble bid. Delo also opened a 30 billion ruble credit line with Sberbank to finance the deal partially.

(64.4097 rubles – U.S. $1)

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