RNS Number : 3720A
28 September 2015
TransContainer reverses its decision to dispose of its interest in JSC Kedentransservice
Public Joint Stock Company TransContainer ("TransContainer" or the "Company") (LSE: TRCN) announces that, on 25 September 2015, its Board of Directors cancelled its decision to dispose of the Company's 50% equity stake in Logistic System Management B.V. to JSC National Company Kazakhstan Temir Zholy ("KTZ"). This reverses a decision taken on 18 February 2015 when it approved the disposal of the equity stake.
Logistic System Management B.V. controls 100% of the share capital of JSC Kedentransservice, a leading Kazakhstan rail container and terminal operator.
Director, Capital Markets and Investor Relations
+7 495 637 9178 +7 495 609 6062
Tony Friend / Galyna Kulachek/ Jenny Payne
+44 (0) 20 74572020
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 2015, it operated 26,477 flatcars and 64,064 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.
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