Configuration of deal between Russia's Transmashholding, Rosatom, Delo Group may emerge in next 6 months - holding director

HANOI. Jan 14 (Interfax) - The configuration of the deal between JSC Transmashholding, Rosatom state corporation and the Delo group of companies may emerge over the next six months, head of TMH Kirill Lipa told journalists.

"Formally, I have nothing to say, because there are currently no formal agreements. There is negotiation process, let's call it that. I hope that within half a year we will finalize the structure as well as the legal and business aspects," Lipa said in response to a question.

It was reported at the end of last year that Rosatom, founder of Delo Group Sergei Shishkarev and TMH had agreed to consolidate their respective logistics assets and create a joint company. In the first stage of the deal, TMH will purchase 1% of Delo Group's management company from Shishkarev. Rosatom's share in the company will remain at 49%. After the deal is concluded, TMH will nominate a candidate for the company's CEO. The parties plan to finalize the merger of all their logistics assets, define the business model, and establish a management system for the future company by the end of 2025.

Sources in the transportation market previously told Interfax that Rosatom intends to acquire capital in TMH. It is also expected that TMH shareholders will receive Rosatom's 49% stake in Delo Group.

TMH is Russia's largest manufacturer of rolling stock for rail transportation. It is headquartered in Moscow. The holding includes production and assembly facilities in Russia and other countries, with a geography of operations encompassing 30 countries.

The Delo group of companies manages sea container terminals in the Azov-Black Sea, Baltic and Far Eastern basins, a network of railway container terminals, and a fleet of containers and fitting platform railcars.

Delo Group's transport and logistics business includes intermodal container operator Transcontainer and the multimodal transport operator Ruscon, while the stevedoring business includes the DeloPorts holding and Global Ports, the leading operator of container terminals.