Ziyavudin Magomedov has been elected the Chairman of the Board of Directors of FESCO Transportation Group, says the press center of PJSC Far Eastern Shipping Company, the Group’s parent company.
PJSC Far Eastern Shipping Company is the basic company of FESCO Transportation Group. FESCO Transportation Group is one of the leading privately-owned transportation and logistics companies in Russia with operations in ports, rail, integrated logistics and shipping business. Diversified but integrated asset portfolio enables FESCO to provide door-to-door logistics solutions and control almost all steps of the intermodal transportation value chain.
FESCO Group owns Commercial Port of Vladivostok OJSC, railway operator Transgarant, and Russkaya Troyka (50% joint venture with Russian Railways OJSC). FESCO operates a container park of over 36,000 containers and a fleet of 20 vessels and 4 icebreakers leased under long-term contracts.
Main shareholders of FESCO Group are SUMMA Group of Magomedov brothers (32.5%), GHP Group (23.8%), TPG (17.4%), East Capital (4.9%). Public ownership – 21.4% of stake.
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