News
Summa Group and GS1 RUS are working together to expand the use of GS1 standards throughout Russia, including the standards and technology of Electronic Product Codes (EPC) and Radio-Frequency Identification (RFID), which make it possible to remotely transmit data about an item’s movements in order to improve global logistics and transportation chains. A corresponding letter of intent was signed in September 2012 in Vladivostok as part of the APEC summit. Russia’s initiative to develop and introduce a uniform RFID standard, based on the global GS1 EPC standard, in the supply chains of the APEC member economies has been approved by the APEC Business Advisory Council...
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Summa Group has completed the acquisition of a stake in Far Eastern Shipping Company OJSC (Fesco Group) from Sergei Generalov’s Industrial Investors Group. The purchase was financed from equity and a loan provided by a syndicate of banks consisting of GoldmanSachs, ING and Raiffeisen. It is a joint purchase involving GHP Group, which is acquiring a minority interest in Fesco Group. The total amount borrowed is $800 million...
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