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Rosatom Takes Full Control of Delo Group in Russian Logistics Consolidation

Rosatom paid 77 billion rubles for Sergei Shishkarev's 51% of Delo Group, gaining control of assets handling roughly half of Russia's container market ahead of a merger with FESCO.

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Elena Vasquez
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Key points05

  • Rosatom acquired the remaining 51% of Delo Group from Sergei Shishkarev, announced 7 October 2026.
  • The stake was valued at 77 billion rubles under a 2026 shareholder buyout procedure; final consideration undisclosed.
  • Rosatom's logistics operations hold ~50% of Russia's container handling market and 44% of rail container transport, per company figures.
  • Delo Group controls 7 marine terminals (~3.5 million TEU capacity), 46 inland terminals (~3.6 million TEU) and ~220,000 TEU of container fleet.
  • Rosatom plans to consolidate Delo with FESCO; no implementation timetable announced.

Rosatom has paid 77 billion rubles for founder Sergei Shishkarev's remaining 51% stake in Delo Group, taking full ownership of one of Russia's largest container transport and logistics operators in a deal announced on 7 October 2026. The state nuclear corporation, which already held 49% of the group, now begins consolidating Delo with its other transport assets, including the shipping and rail operator FESCO, to build what it calls Russia's largest national logistics company.

The scale of the combined operation is substantial by any measure of the Russian market. Rosatom Director General Alexei Likhachev said the corporation's logistics operations already account for approximately 50% of Russia's container handling market and 44% of the country's rail container transport market — figures the company describes as its own assessment of its position.

Likhachev confirmed the completion of the acquisition and said the corporation was beginning the final consolidation of its logistics assets. His objective, stated plainly, is a unified national operator spanning ports, rail and maritime transport.

What does Delo bring to the combined entity?

Founded in 1993, Delo Group gives Rosatom control of a vertically integrated transport business whose footprint covers Russia's Black Sea, Baltic and Far Eastern regions. According to the company's corporate information, the assets include:

  • Seven marine terminals with combined annual handling capacity of approximately 3.5 million TEU
  • 46 inland terminals with annual capacity of roughly 3.6 million TEU
  • A fleet of around 40,000 container flatcars
  • A container fleet with total capacity of approximately 220,000 TEU, plus the group's own vessels

Delo also controls grain handling infrastructure, including the KSK terminal at Novorossiysk, extending the group's activities beyond container transport. Its logistics subsidiaries run domestic and international container services.

The planned consolidation would pair Delo's terminal and rail operations with FESCO's maritime services, port infrastructure and intermodal network. Rosatom also carries responsibility for developing the Northern Sea Route, which makes maritime and inland logistics an increasingly important part of its activities beyond nuclear energy.

Why did the partnership end?

Shishkarev confirmed the sale of his controlling stake in a statement published on Delo Group's official website. He said disagreements over the company's future had ended the partnership with Rosatom, which began in 2019.

The transaction followed a shareholder buyout procedure initiated earlier in 2026. Under that mechanism, Shishkarev's 51% stake was valued at 77 billion rubles, although the parties did not disclose the final consideration actually paid. Shishkarev indicated he intends to remain active in Russia's logistics sector after his departure from the group he built over three decades.

What happens next?

The ownership change and the wider consolidation are formally separate steps. Rosatom has confirmed the Delo transaction is complete, while the integration of its transport businesses — including FESCO — is only now beginning. No detailed implementation timetable has been announced.

For shippers and forwarders moving containers through Russian ports and on Russian rail, the creation of a single operator controlling roughly half of the country's container handling market will concentrate pricing and capacity decisions in fewer hands. The combination of Delo's terminals, FESCO's vessels and Rosatom's Northern Sea Route mandate signals that the next phase of Russian logistics will be negotiated with one dominant state-controlled counterparty rather than several competing groups.

Source: Container News

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Elena Vasquez

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News editor covering people, launches and day-to-day practice in Ocean and air freight, container shipping at Waybill Wire.

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