19 Feb 2015 11:38
19 February 2015
PJSC TransContainer
TransContainer approves disposal of interest in JSC Kedentransservice
Public Joint Stock Company TransContainer ("TransContainer" or the "Company") (LSE: TRCN) announces thaton 18 February 2015, its Board of Directors approved in principle the disposal of the Company's entire 50% equity stake in Logistic System Management B.V. to JSC National Company Kazakhstan Temir Zholy ("KTZ"). Logistic System Management B.V. controls 100% of the share capital of JSC Kedentransservice, a leading Kazakhstan rail container and terminal operator. As a result of this transaction, KTZ's ownership in Logistic System Management B.V. will increase to 100% from 50% subject to receiving all necessary corporate and government approvals.
Enquiries:
TransContainer | |
Andrey Zhemchugov,Director, Capital Markets and Investor Relations | +7 495 637 9178 +7 495 609 6062 |
IR@trcont.ru | |
Website | www.trcont.ru |
Instinctif Partners | |
Tony Friend / Galyna Kulachek/ Jenny Payne | +44 (0) 20 7457 2020 |
About TransContainer
TransContainer (LSE ticker: TRCN) is the leading intermodal container transportation company in Russia. It is the market leader in Russia by flatcar fleet size, container transportation by rail and rail-side container terminal throughput. As of 30 September 2014, it operated 26,918 flatcars and 63,918 ISO containers. It owns a network of 46 rail-side container terminals in Russia, 19 rail-side terminals in Kazakhstan (through its joint venture company KedenTransService) and operates one terminal in Slovakia. Company's sales network comprises more than 130 sales offices across Russia as well as presence in the CIS, Europe and Asia. TransContainer is listed at Moscow Exchange and LSE. Company's major shareholder with 50% +2 shares is United Transportation and Logistics Company, established by Russian Railways, Belorussian Railway and Kazakhstan Temir Zholy.