Published by Global Banking & Finance Review®
Posted on March 27, 2026
2 min readLast updated: March 27, 2026
Add as preferred source on GoogleRosatom will contribute its 92.4% stake in FESCO, Russia’s major intermodal logistics operator, in exchange for a 51% stake in a new logistics JV with UAE’s DP World, which will contribute cash based on FESCO’s valuation. The JV aims to expand global logistics reach via the Northern Sea Route, pendi
MOSCOW, March 27 (Reuters) - Russia's state nuclear giant Rosatom said on Friday that it has agreed with UAE-based port operator DP World to set up a joint venture in logistics.
Rosatom, which builds nuclear projects in Russia and abroad and also owns transport assets in Russia, will hold 51% of the company, while DP World will take a 49% stake, the company's spokesman said.
Rosatom's contribution would be its 92.4% stake in Russian transport group FESCO, specialising in container logistics, and DP World will provide cash, which amount would depend on the market valuation of FESCO, he said.
DP World will provide cash, which amount would depend on the market valuation of FESCO, he said.
The deal requires approval from the government commission on foreign assets and the Federal Antimonopoly Service.
Rosatom said the partnership is in line with its strategy to develop a global logistics operator and increase cargo flows, including through the Northern Sea Route, the Arctic transport corridor along Russia's northern coast.
DP World, one of the major container port operators globally, and the deal would give Rosatom access to its global infrastructure, and DP World is expected to help Russia find new cargo volumes, including for the Northern Sea Route, Rosatom said.
(Reporting by Anastasiya Lyrchikova; Writing by Gleb Stolyarov; Editing by Louise Heavens)
Rosatom and UAE's DP World have agreed to form a joint venture in Russia, focusing on logistics and container transport.
Rosatom will contribute its 92.4% stake in FESCO, while DP World will provide cash based on FESCO's market value.
Rosatom will hold a 51% stake, and DP World will have a 49% stake in the new company.
The deal requires approval from the Russian government commission on foreign assets and the Federal Antimonopoly Service.
The partnership supports Rosatom's goal of becoming a global logistics operator and increasing cargo flows through key routes like the Northern Sea Route.
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