Rosatom, DP World Form Joint Venture with FESCO Shares
The Government Commission approved the creation of a joint venture with the inclusion of shares from the FESCO group and funds from DP World. The agreement on the formation of a global logistics operator between Rosatom and DP World from the UAE was signed in December 2023.
Consensus
- The Russian government's commission on foreign investments approved the deal between Rosatom and DP World.
- The joint venture will include shares of FESCO and financial contributions from DP World.
- The new company will be established on the basis of Rosatom's infrastructure, including the Northern Sea Route.
- The joint venture aims to improve international trade efficiency, especially with BRICS countries.
- The parties are currently finalizing legally binding documentation.
- The joint venture will be named LLC 'Global Logistics'.
- Rosatom will hold 51% of the new company.
- DP World is one of the world's top port operators, with operations in 76 countries.
Points of divergence
- The agreement to form the global logistics operator was signed in December 2023. — vesti
- The LLC 'Global Logistics' was established in late December 2025. — kommersant
- The price of FESCO shares rose by 11.76% on the day of the announcement. — vedomosti
- The head of the new company is Ekaterina Lyakhova, who previously led UК 'Delo'. — kommersant
- DP World was added to Ukraine's list of 'international war sponsors' due to its cooperation with Russia. — vesti
Coverage (3 sources)
- Cabinet approved creation of Rosatom joint venture with Emirati DP World — Вести
- Rosatom and DP World will create an enterprise with Fesco shares — Ведомости
- The Rights Commission approved the deal of 'Rosatom' with the company DP World from the UAE — Коммерсантъ