DP World makes bid for Vladivostok operator

Vladivostok, Russia - June, 03, 2018: View of the Commercial Port and container terminal of Vladivostok from the viewpoint on Krestovaya Hill.

DP World is interested in purchasing 49% of Fesco Transport Group, according to national media.

Reports suggest the terminal operator sent a proposal earlier in January 2020 to the Russian government outlining its plans.

The project would see a major overhaul of transportation and logistics infrastructure in the region, including the Port of Vladivostok, which Fesco Transport Group controls.

DP World initially sought a minority stake in Fesco Transport Group in 2017 as part of its programme to diversify its operations and secure its place as a global trade enabler.

It bought feeder services operator Unifeeder in late-2018 and took a 44% stake in Swissterminal in January 2020.

Previous investments in Russia include plans to develop the Northern Sea Route (NSR) with the Russian Direct Investment Fund.

Fesco Transport Group is one of the largest private transport and logistics companies in Russia. It owns assets across the country’s supply chain, including in the port, railway and integrated logistics sectors.

DP World declined to comment when approached by Port Technology International. Fesco Transport Group is yet to reply to requests for comment.

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