PRESS: France’s CMA CGM seeks to buy stake in TransContainer

MOSCOW, Dec 25 (PRIME) -- French company CMA CGM seeks to take part in privatization of Russian container shipping company TransContainer, Kommersant business daily reported Monday citing a source.

CMA CGM’s CEO Rodolphe Saade recently sent a letter to President Vladimir Putin about the company’s intention to buy a stake in TransContainer in partnership with transport and logistics operator Logoper.

United Transport and Logistics Company (UTLC) of Russia, Belarus, and Kazakhstan currently owns 50% plus two shares in TransContainer. Russian Railways plans to withdraw this stake from UTLC and sell it at an auction. Earlier in December, private pension fund Blagosostoyanie sold its 24.5% stake in TransContainer to venture and private equity investment fund Enisey Capital affiliated with tycoons Roman Abramovich and Alexander Abramov. Far Eastern Shipping Company (FESCO), a unit of multi-industry holding Summa Group, holds 25.07%.

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