Orrick’s Washington, D.C., Russia Practice represented FESCO Transportation Group, a publicly traded Russian company, in a strategic investment of approximately US$138.9 million in shares and global depository receipts of JSC TransContainer, another publicly traded Russian company. The 12.5% equity stake was acquired during TransContainer’s initial public offering in the London Stock Exchange, as well as two Russian stock exchanges.
Both companies are leaders in transportation services in Russia, with substantial potential for synergies.
FESCO is one of the largest and oldest shipping businesses in Russia. Established in 1880, it is the national leader in intermodal transportation business, performing a unique combination of marine shipping, rail services and port facilities packaged into integrated logistical solutions. The shares of FESCO are traded on the Russian Trading System (RTS) Stock Exchange.
TransContainer is a leader in container transportation with a 60% market share of the railway platforms in Russia. It is 51% owned by Russian Railways, and ultimately the Russian Government. The shares of JSC TransContainer are traded on the RTS Stock Exchange and the MICEX Stock Exchange, and the global depository receipts of TransContainer are traded on the London Stock Exchange.
Washington, D.C., corporate partner Olga Sirodoeva led the transaction for FESCO, with a team that included Washington, D.C., corporate associates Mikhail Usubyan and Maria Kosova and London corporate of counsel Jinal Shah.
Related Posts:
- None Found