Rosatom has implemented an option to increase its stake in Delo Group of Companies

AK&M 11 August 2022 17:56

Rosatom State Corporation, in accordance with previously reached agreements, has exercised an option to increase its participation in the Delo Group of Companies, Rosatom said in a statement.

After the transaction was closed, the following distribution of shares in Delo Management Company LLC, which is the parent company of the Group, was established: Chairman of the Board of Directors of Delo Group of Companies Sergey Shishkarev – 51%, part of the State Corporation Atomenergoprom JSC – 49%.

Delo Group plans to use the proceeds from the transaction to implement a number of investment projects and reduce the debt burden.

The exercise of the option is aimed at further implementation of the strategy of Rosatom State Corporation for the development of new business areas, increasing the presence of the State Corporation in the logistics industry as one of the priority areas of development in the non-nuclear segment, and is also a recognition of the effectiveness of the Delo Group's business model. Since the entry of Rosatom into the authorized capital of the Group in 2019, the successful integration of companies in the logistics sector continues, taking into account the best corporate practices. The Group's operating companies have been successfully carrying out multimodal cargo transportation to NPP facilities under construction around the world for more than two years.

By increasing its business presence in the logistics industry, Rosatom State Corporation intends to launch several projects of national importance, including the development of container and other types of transportation along the Northern Sea Transit Corridor, improving the efficiency of its own project logistics, and introducing innovative solutions in the field of transport both in the field of digital technologies and new materials.

Delo Group of Companies is the largest transport and logistics holding in Russia, managing sea container terminals in the Azov–Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, a fleet of containers and fitting platforms.

The participants of Delo Management Company LLC are: Chairman of the Board of Directors of Delo Group Sergey Shishkarev – 51%, part of the State Corporation Atomenergoprom JSC – 49%.

The stevedoring business of the group includes DeloPorts Holding and the leading operator of container terminals Global Ports. The transport and logistics direction consists of the multimodal transport operator Ruscon and TransContainer.

The State Atomic Energy Corporation Rosatom is a multi–profile holding that combines assets in the energy, mechanical engineering, and construction sectors. Rosatom State Corporation is a national leader in electricity generation (about 20% of total output) and ranks first in the world in terms of the largest portfolio of orders for the construction of nuclear power plants. The state Corporation unites more than 350 enterprises and organizations employing over 290 thousand people.