15 Apr 2014 18:15

Alfa-Group owns stake in Fesco Transportation Group

MOSCOW. April 15 (Interfax) - Great Circle Fund (GCF), a fund managed by Alfa Capital Partners and mandated to invest in transportation infrastructure, owns stake in the Fesco Transportation Group, according to Alfa-Group materials.

This stake is not large, the materials say, though no other details have been disclosed.

GCF has two assets; aside from Fesco shares, it also owns 49% of STS Logistics.

"Leaving the fund's remaining investments is planned for the next several years," the materials say.

The fund, with an initial size of $180 million, was created in 2005 with the participation of American governmental agency Overseas Private Investment Corporation (OPIC). In February 2014, OPIC's loan to the fund was restructured, the materials say.