Summa takes controlling stake in FESCO

Tuesday, June 19, 2012

Russia's FESCO Transportation Group said Tuesday Industrial Investors Group and Summa Group have signed a sale-purchase agreement (SPA), under which Summa will acquire control in Far Eastern Shipping PLC. The deal is expected to close in the next few weeks. FESCO said after the closure, Summa will become the majority shareholder in FESCO. Summa's Website describes it as a diversified private holding with significant investments in port logistics,...

You have requested access to content only available to Registered Users of American Shipper. You can become a registered user for FREE. You will not have access to premium content.

Your registration to American Shipper is FREE and will provide you access to much of the content on the American Shipper Web site. You will not have access to Premium Content.

SUBSCRIBE NOW
Access to premium content, original reporting, research, and feature stories require a paid subscription. Subscriptions to American Shipper costs $120 a year. Your subscription includes unlimited access to content on the American Shipper Website, early access to the digital edition of the monthly magazine, and the daily AS+ premium newsletter published each morning.