RNS Number : 1655O
16 August 2017
Acquisition of 100% stake in JSC Logistika-Terminal
PJSC TransContainer (LSE ticker: TRCN) (the "Company") today announces that it has signed an agreement to purchase 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 is to be completed upon receiving all the relevant regulatory approvals.
This acquisition will 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 as the leading intermodal container operator in Russia.
JSC Logistika Terminal operates a rail-based container terminal in Shushary, which is in the close proximity to Saint-Petersburg. It was put into operation in 2010 and provides a wide range of container freight station and dry port services. In 2016, the container handling volumes of JSC Logistika Terminal amounted to 174 thousand TEU, up 58% year-on-year.
Galyna Kulachek / Dinara Shikhametova +44 (0) 20 7457 2020
TransContainer (LSE ticker: TRCN) is the leading intermodal container transportation company in Russia with a market share of approximately 47%. It is the market leader in Russia by flatcar fleet size, container transportation by rail and rail-side container terminalthroughput. As at 30 June 2017, it owned and leased 23,561 flatcars and 70,990 ISO containers. TransContainer also owns a network of rail-side container terminals, located at 44 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 111 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.
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