3 Sep 2018 12:00
FOR IMMEDIATE RELEASE
PJSC Transcontainer
03 September 2018
Completion of the acquisition of 100% stake in JSC Logistika-Terminal
PJSC TransContainer ("TransContainer" or the "Company") (LSE: TRCN), Russia's leading intermodal container transportation and logistics company, today announces that it has completed the acquisition of the 100% stake in JSC Logistika-Terminal, one of the most modern inland container terminals in the North-Western region of Russia, from First Container Terminal Inc., a subsidiary of Global Ports Investments Plc. The cash-based RUB 1.9 billion transaction was completed following the receipt of all the relevant regulatory approvals.
As announced on 16 August 2017, this acquisition is expected to strengthen the Company's offering of providing its customers with the high-quality intermodal container transportation services, as well as enhance the Company's position on the market.
Enquiries:
TransContainer | ||||
Andrey Zhemchugov,First Deputy CFO | +7 495 637 9178 +7 495 609 6062 |
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IR@trcont.ru |
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Website | www.trcont.com |
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Instinctif Partners | ||
Galyna Kulachek / Dinara Shikhametova | +44 (0) 20 7457 2020 | |
About TransContainer
TransContainer (LSE ticker: TRCN) is the leading intermodal container transportation company in Russia with a market share of approximately 43%. It is the market leader in Russia by flatcar fleet size, container transportation by rail and rail-side container terminal throughput. As at 30 June 2018, it owned and leased 25,405 flatcars and 67,909 ISO containers. TransContainer also owns a network of rail-side container terminals, located at 40 railway stations across Russia and operates one terminal in Slovakia under a long-term lease agreement. The Company's joint venture JSC Kedentransservice ("Kedentransservice", or "KDTS") also operates 19 inland rail-side terminals in Kazakhstan. The Company's sales network comprises of 101 sales outlets in Russia, along with additional outlets across the CIS, Europe and Asia. TransContainer is listed at Moscow Exchange and LSE. The Company's major shareholder with 50% +2 shares is United Transportation and Logistics Company, established by Russian Railways, Belorussian Railway and Kazakhstan Temir Zholy.