Citigroup and DTB GmbH co-owners of a Russian National Logistics Company (NLC)
It is not the first time when foreigners show interest in the Russian market of storage and logistics services and delivery. In 2004, GeoPost and Yurtici Kargo bought a Russian company Armadillo and Armadillo Biznes Posylka established by Armadillo together with Posten AB.
Businessmen Sergey Grishin, Andrei Suzdaltsev, and Ilya Brodsky decreased their stakes in NLCI, which owns assets of NLC, from 100percent to 62percent. They plan to invest USD50 million derived from the sale in the development of a regional network and in new projects of NLC. According to Ilya Brodsky, NLC, which capitalisation will increase thanks to investments of new stockholders, may be sold to a strategic investor in 3-5 years.
