OREANDA-NEWS. Shares of the owner of the Far Eastern Shipping Company - the company FESCO - rose 4.05% to ₽8.73 as of 11:06 Moscow time, according to the Moscow Exchange. “I have a letter where I wrote in black and white:“ Ziyavudin, I plan to leave, I'm notifying you. I’ll hand over everything, in a quiet mode I will inform all stakeholders and leave immediately after the AGM”, Mammedzade said.

A day earlier it became known that the port operator DP World, owned by the United Arab Emirates, intends to buy a large stake in FESCO - 49%. The Arab operator DP World announced plans to buy a stake in FESCO back in 2017. Then the company planned to acquire 35–40% of FESCO from its main shareholder together with the Russian Direct Investment Fund (RDIF).

The main shareholder of the company is Ziyavudin Magomedov, who owns a 32.5% stake in FESCO. In March 2018, he was arrested on charges of organizing a criminal community. Another 23.8% of the company belongs to GHP investment company Mark Garber, and 17.4% of the group belongs to TPG Capital investment fund.