RDIF Leads Investors to Back Sovcomflot
Posted on 10/07/2020
Sovcomflot is Russia’s largest shipping company, and one of the major companies in the maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil & gas production. The company’s fleet (owned & chartered) specializes in hydrocarbon transportation from regions with challenging icy conditions and includes 146 vessels with a combined deadweight of 12,630,803 tonnes with an average age of 9 years. The company’s clients include Russian and global energy corporations.
The Russian Direct Investment Fund (RDIF) and its alliance investors from sovereign wealth funds in the Middle East and Asia have become anchor investors in the initial public offering of Sovcomflot, supporting the success of the first IPO on the Russian market in 2020. The privatization of Sovcomflot will enable the company to actively expand in the key areas of sea energy transportation and seismic exploration.