PJSC TransContainer purchases 100% of shares of CJSC Logistika-Terminal
Today, PJSC TransContainer (TRCN; ISIN: RU000A0JPRX9) and First Container TerminalJSC, a subsidiary of Globalports Investments, have signed an agreement to acquire 100% of shares of CJSC Logistika-Terminal, operator of one of the most modern container terminals in North-West region of Russia. The transaction amounting to 1.9 billion rubles will be paid in cash after receiving the required permits from the regulatory bodies.
This transaction will allow the company to improve the quality of services provided in the field of intermodal container transportations, as well as to strengthen the positions of PJSC TransContainer – the leading intermodal container operator in Russia.
CJSC Logistika-Terminal operates a railway container terminal at the Shushary station near St.Petersburg. The terminal was commissioned in 2010 and provides a wide range of services for cargo handling. At year-end 2016, the scope of container handling by CJSC Logistika-Terminal increased by 58% compared to the previous year and amounted to 174 thousand TEUs.