FESCO Transportation Group releases the updated equity structure of Far-Eastern Shipping Plc, the issuer of FESCO shares, the Group informs.
Following the recent 25% capital increase and several subsequent transactions, FESCO equity structure diversified through the addition of several new large investors, including the European Bank for Reconstruction and Development, Singapore sovereign investment fund TEMASEK, Deutsche Bank Asset Management.
FESCO Equity structure as of September 1, 2008:
Industrial Investors Group (controlling shareholder) (53.81%)
East Capital (8.29%)
«Garant» Investment Group (7.84%)
European Bank for Reconstruction and Development (3.76%)
TEMASEK (3.14%)
Genesis Investment Management Limited (1.72%)
Deutsche Bank Asset Management (1.66%)
FESCO Stock Option fund (2.78%)
Free Float (17.00%)
FESCO President Evgeny Ambrosov noted that «these changes in FESCO equity structure confirm the willingness of large institutional investors to commit significant funds to FESCO. For us the arrival of such long-term shareholders is a sign of support to FESCO development strategy and belief in the company?s strong potential».
As of September 1, 2008 the total number of FESCO shares outstanding is 2,951,250,000. FESCO shares are listed on RTS (Level B) under FESH/FESHG tickers, and admitted for trading as non-listed securities at MICEX.
FESCO Transport Group created on the basis of Far Eastern Shipping Company is one of the leading container operators in Russia. In 2007, the Group’s throughput exceeded 2.4 million TEU.
The deadweight of the Group’s fleet exceeds 1 million tonnes. The Group’s rolling stock numbers over 17,000 units. The Group’s port transshipment facilities have the capacity exceeding 1.6 million TEU.