DP World PLC (DIFX:DPW) has sent the Russian government a plan for the purchase of the transport group Fesco and the latter's global development as part of DP World's network, RBC reported on January 23, 2020, citing DP World's letter. According to the letter, DP World wants to acquire 49% of Fesco's parent company, the Far-Eastern Shipping Company PLC. In the letter, the DP World representative did not specify the status of talks with Fesco shareholders or give other details of the detail, saying only that after purchasing the stake, DP World would work to develop Fesco, modernize the Port of Vladivostok by investing about $350 million, and expand its rail fleet to deliver more cargo along the Trans-Siberian Railway.