Globaltrans says to abstain from sale of 50% in TransContainer

MOSCOW, Sep 2 (PRIME) -- Russian railway operator Globaltrans does not plan to participate in an auction for 50% plus two shares in railway container operator TransContainer, Globaltrans CEO Valery Shpakov said on Monday in a conference call.

“We have no plans to take part in it. The model of our business is balanced, we have multi-purpose and specialized rolling stock. The only thing is that we are expanding our stock of special containers for transportation of cargoes of our clients,” he said.

Russian Railways owns 50% plus two shares in TransContainer through United Transport and Logistics Company (UTLC) of Russia, Belarus, and Kazakhstan, and plans to auction the stake on November 27 with the starting price of 36.159 billion rubles. Yenisei Capital affiliated with co-owners of Evraz Alexander Abramov and tycoon Roman Abramovich holds 24.5051% in TransContainer and VTB Bank holds 24.8%.

Several companies, including tycoon Vladimir Lisin’s Freight One, Yenisei Capital, and Delo Group expressed interest in the stake in TransContainer. The Russian Direct Investment Fund’s (RDIF) CEO Kirill Dmitriev said in April that the fund and Dubai port operator DP World were still interested in investing into TransContainer.

(66.4897 rubles – U.S. $1)

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