Rosatom Takes Full Control of Transport Conglomerate Delo Group in $900M Buyout
The deal reportedly brings Rosatom’s market share in Russia’s container handling market to 50% and rail container transport to 44%.
Russian nuclear corporation Rosatom finalized its acquisition of the remaining 51% stake in transport conglomerate Delo from founder Sergei Shishkarev on Wednesday, with the precise purchase price undisclosed. Shishkarev had previously valued his share at 77 billion rubles ($900.3 million). As of this acquisition, Rosatom aims to consolidate all its logistics assets, establishing itself as the largest national logistics company in Russia.
CEO Alexei Likhachev disclosed that the deal has increased Rosatom’s market share in the Russian container handling market to 50% and in rail container transport to 44%. Likhachev highlighted that Rosatom's logistics branch operates across all Russian maritime basins and possesses the most extensive container fleet and port facilities in key cities.
Shishkarev explained that the buyout was prompted by irreconcilable disagreements, nearly seven years after Rosatom initially purchased a stake in Delo in 2019 as part of its strategy to leverage Arctic shipping routes. Despite being the original investor, Shishkarev vowed to continue his involvement in the logistics industry and pledged to contribute a substantial portion of the acquisition funds to Russia’s state security.
Russia's federal budget for 2026 revealed record corporate donations of 471.5 billion rubles ($5.5 billion) to counteract the escalating military spending amid the ongoing conflict.
Likhachev emphasized Rosatom's strategic objectives, including reinforcing the nation's transport sovereignty, promoting sustainable international transport, and advancing the Northern Sea Route and the Trans-Arctic transport corridor. However, the acquisition comes amidst heightened scrutiny, as Russia's Prosecutor General's Office has labeled The Moscow Times as an undesirable organization, potentially exposing its journalists to prosecution.
This comes after the outlet was previously classified as a foreign agent, allegations that Rosatom and The Moscow Times dispute, asserting their commitment to delivering impartial and accurate reporting on Russia.
Written by urgent.news from The Moscow Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
