RNS Number : 2281W
23 December 2013
Disposal of 17% shares of Kedentransservice
In accordance with the joint venture cooperation agreement of 17 March 2011 between JSC "TransContainer" ("TransContainer" or the "Company") and JSC National Company Kazakhstan Temir Zholy ("KTZ"), on 23 December 2013 KTZ acquired from TransContainer 17% of the shares in Logistic System Management B.V., a company controlling 100% of the share capital of JSC Kedentransservice, a leading Kazakhstan rail container and terminal operator. As a result of the transaction, the Company's share in Kedentransservice decreased from 67% to 50%, while KTZ's share increased from 33% to 50%.
23 December 2013
Andrey Zhemchugov, Director,
+7 495 637 9178
+7 495 609 6062
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Tony Friend / Galyna Kulachek
+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 September 2013 it operated more than 25,600 flatcars and approximately 61,000 containers. It owns a network of 46 rail-side container terminals in Russia, 18 rail-side terminals in Kazakhstan (through its subsidiary KedenTransService) and operates one terminal in Slovakia. Company's sales network comprises approximately 140 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.
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