Dubai - Mubasher: DP World is in talks to buy a stake in a Russian transport operator company, the Financial Times reported.
Summa Group is discussing selling a stake in Fesco, Russia’s largest ports and rail transport operator, to a consortium headed by DP World and the state-run Russian Direct Investment Fund.
According to the FT, the consortium is in talks to pay several hundred million dollars to acquire a minority stake in Fesco, which could come with special corporate governance rights that would allow control of the business.
