RNS Number : 9414X
Transfer of controlling interest to United Transportation and Logistics Company
Further to the announcement of 14 November 2014, JSC TransContainer ("TransContainer" or the "Company") announces that Russian Railways transferred its full shareholding of 50%+2 shares in TransContainer to the share capital of United Transportation and Logistics Company ("UTLC") on 24 November 2014.
As previously disclosed, upon establishment the share capital of UTLC amounted to RUB 39.7 billion with Russian Railways holding no less than 99.84% of the share capital of UTLC, and Belorussian Railway and JSC Kazakhstan Temir Zholy each has a shareholding of up to 0.08%.
The Company will keep the market informed of any further developments.
25 November 2014
Tony Friend / Galyna Kulachek/ Jenny Payne +44 (0) 20 7457 2020
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 June 2014, it operated 27,174 flatcars and 64,670 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 is JSC Russian Railways with 50%+2 shares.
This information is provided by RNS
The company news service from the London Stock Exchange