Govt to set terms to sell Russian Railways stake in TransContainer

MOSCOW, Oct 16 (PRIME) -- First Deputy Prime Minister Igor Shuvalov ordered to set terms of competitive procedures to sell a stake of state-owned railroad operator Russian Railways in container shipping company TransContainer, an official in his administration told PRIME on Monday.

United Transport Logistics Company (UTLC) of Russia, Belarus and Kazakhstan is the owner of 50% plus two shares in TransContainer. Russian Railways plans to withdraw, while the government is considering its sale. Multi-industry Summa Group and railway cargo operator Freight One have already expressed interest.

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