Rosatom to buy non-controlling stake in Delo Group’s managing co

MOSCOW, Dec 3 (PRIME) -- Russian state nuclear power corporation Rosatom will buy a non-controlling stake in managing company Delo, the parent company of Delo Group of businessman Sergei Shishkaryov, to launch an arctic container carrier, Rosatom said in a statement on Tuesday without specifying the amount of the stake.

Earlier in the day, Kommersant business daily reported that Rosatom planned to acquire 30% in Delo. The negotiations started after Shishrakyov had confirmed the company’s participation in auction of 50% minus two shares in railway container operator TransContainer and Rosatom had acquired the status of the sole infrastructure operator of the Northern Sea Route.

“State corporation Rosatom is finalizing the legal formalization of an acquisition of a non-controlling stake in equity of managing company Delo of Sergei Shishkaryov,” Rosatom said, adding that the two companies would continue to improve the logistics business using their assets.

The two companies plan to create a platform for the launch of an international transport and logistics business with the focus on multimodal and transit traffic from Asia to Europe and back through the Northern Sea Route among other routes.

The companies plan to use their logistics assets to establish a new Arctic container carrier, but Rosatom also plans to use cooperation to improve its Eurasian logistics and offer conditions for the cargo traffic between Asia and Europe that are at least the same as those of the Suez Canal, Rosatom said.

End