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Statement re: Media speculation

28 May 2013 07:00

RNS Number : 6037F
Globaltrans Investment PLC
27 May 2013
 



 

 

For immediate release 26 May 2013

 

 

Globaltrans Investment PLC

 

Statement re: Media speculation

 

Globaltrans Investment PLC (together with its consolidated subsidiaries the "Company", "Globaltrans" or the "Group", LSE ticker: GLTR) notes the recent press speculation regarding a potential merger with NefteTransService. The Company emphasises that its strategy remains to seek out growth both organically and by selective acquisitions with the aim of creating value for the Group and all its shareholders. To this end, the Company consistently evaluates opportunities in the Russian rail freight market however it is currently not engaged in any acquisition discussions with NefteTransService.

 

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ENQUIRIES

Globaltrans Investor Relations

Mikhail Perestyuk

+357 25 503 153

irteam@globaltrans.com

 

For international media

Holloway & Associates

Laura Gilbert / Zoe Watt

+44 20 7240 2486

globaltrans@rholloway.com

 

 

NOTES TO EDITORS

Globaltrans is a leading private freight rail transportation group with operations in Russia, the CIS and the Baltic countries. The Group's main business is the provision of freight rail transportation services. Globaltrans provides services to more than 650 customers and its key customers include a number of large Russian industrial groups in the metals and mining and the oil products and oil sectors.

The Group has a total fleet of about 65 thousand units of rolling stock with an average age of about seven years[1]. Universal gondola cars and rail tank cars constitute the backbone of the Group's fleet. More than 90% of the total fleet is owned by the Group. In 2012 the Group's freight rail turnover (including engaged fleet) was 137.8 billion tonnes-km.

Globaltrans' global depositary receipts (ticker symbol: GLTR) have been listed on the Main Market of the London Stock Exchange since May 2008. Globaltrans was the first freight rail transportation group with operations in Russia to have an international listing.

To learn more about Globaltrans, please visit www.globaltrans.com.

 

 

LEGAL DISCLAIMER

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might', the negative of such terms or other similar expressions. Globaltrans wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Globaltrans does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries Globaltrans operates in, as well as many other risks specifically related to Globaltrans and its operations.


[1] Average age of the Group's owned fleet as of the end of 2012.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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