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Mass media publications

Mass media publications

7 November 2017 — Reuters
Russian transportation group Fesco said on Tuesday it had opened a credit line of up to $680 million with the country's second-biggest lender VTB bank.
Russian transportation group Fesco said on Tuesday it had opened a credit line of up to $680 million with the country's second-biggest lender VTB bank.
7 November 2017 — Interfax
The High Court of Justice of England and Wales has approved a Scheme of Arrangement proposed by the FESCO transport Group to restructure $550 million in 2018 and $325 million in 2020 notes, PJSC Far Eastern Shipping Company (MOEX: FESH), the parent company of the FESCO transport group, said in a press release.
The High Court of Justice of England and Wales has approved a Scheme of Arrangement proposed by the FESCO transport Group to restructure $550 million in 2018 and $325 million in 2020 notes, PJSC Far…
1 June 2017 — Interfax
A debt restructuring agreement with the holders of FESCO Eurobonds has nearly been reached with only technical details remaining, Summa Group CEO Leyla Mammad Zada told Interfax on the sidelines of the St. Petersburg International Economic Forum.
A debt restructuring agreement with the holders of FESCO Eurobonds has nearly been reached with only technical details remaining, Summa Group CEO Leyla Mammad Zada told Interfax on the sidelines of…
26 May 2017 — Bloomberg

Dubai’s DP World Ltd. is considering taking a stake in Russian cargo carrier Far Eastern Shipping Co., according to people familiar with the matter.

Dubai’s DP World Ltd. is considering taking a stake in Russian cargo carrier Far Eastern Shipping Co., according to people familiar with the matter.

17 April 2017 — Interfax
Far East Shipping company (FESCO) (MOEX: FESH), the parent company of the FESCO Transport Group, is beginning regular service for shipment of less than a container load (LCL) from China to Russia, the company said in a statement.
Far East Shipping company (FESCO) (MOEX: FESH), the parent company of the FESCO Transport Group, is beginning regular service for shipment of less than a container load (LCL) from China to Russia…
30 December 2016 — Interfax
The stake in TransContainer (MOEX: TRCN) indirectly controlled by Far East Shipping Company (FESCO) (MOEX: FESH) has increased to 25.07% from 24.35%, TransContainer said in a statement.
The stake in TransContainer (MOEX: TRCN) indirectly controlled by Far East Shipping Company (FESCO) (MOEX: FESH) has increased to 25.07% from 24.35%, TransContainer said in a statement.
6 December 2016 — Interfax
FESCO Group has carried out an optimization program and cut spending by $35.1 million, FESCO President Alexander Isurin said during a conference call for analysts on Monday.
FESCO Group has carried out an optimization program and cut spending by $35.1 million, FESCO President Alexander Isurin said during a conference call for analysts on Monday.
30 November 2016 — Interfax

The FESCO transport group's core shareholder hopes to agree a debt restructuring plan with the holders of Eurobonds before the end of the year. According to a schedule presented in the summer, this should be done in December, "before Christmas."

The FESCO transport group's core shareholder hopes to agree a debt restructuring plan with the holders of Eurobonds before the end of the year. According to a schedule presented in the summer…
15 November 2016 — Interfax
FESCO Transport Group has launched a container service for shipments of refrigerated cargo between Russian and Iran.
FESCO Transport Group has launched a container service for shipments of refrigerated cargo between Russian and Iran.
23 September 2016 — Interfax

The FESCO transport group boosted earnings before taxes, depreciation and amortization (EBITDA) 15.2% year-on-year in July to $7.6 million, the company said. However EBITDA plummeted 32% in January-July to $47 million. Sales revenue fell 19.9% to $45.9 million in July and 31% to $303.8 million in 7M.

The FESCO transport group boosted earnings before taxes, depreciation and amortization (EBITDA) 15.2% year-on-year in July to $7.6 million, the company said. However EBITDA plummeted 32% in…
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