Vladimir Lisin’s Volga Shipping has acquired a 26.71% stake in Russian sister company Western Shipping.



Both are part of Lisin’s UCL Holding. No price was given.



Volga signalled its intention to increase its holding in group companies last year when it took out a loan of $41.5m from Gazprombank.



The river-sea cargoship player said it also wanted to buy a 25.5% slice of North-Western Shipping (NWS).



Western