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M&A: TransContainer sells 17% of Kedentransservice to Kazakhstan Railways

JSC TransContainer reduced its equity position in JSC Kedentransservice to 50% from 67% selling a 17% equity stake to JSC National Company Kazakhstan Temir Zholy (JSC NC KTZ, Kazakhstan Railways), TransContainer informed.

TransContainer owns this stake in Kedentransservice through subsidiaries.

In particular, the company owns 100% of the shares in Logistic Investment S.a.r.l. (Luxembourg) which holds 67% of the shares in Logistic System Management B.V. (Netherlands), the owner of a 53.1% stake in Kedentransservice and a 100% stake in Helmes Operation UK Limited (UK), the latter company holding 46.9% of Kedentransservice shares.

Now the stake was reduced pursuant to a stock purchase / sale contract between Logistic Investment S.a.r.l. and JSC NC KTZ.

JSC TransContainer (tax number: 7708591995), a subsidiary of JSC Russian Railways, was incorporated on March 4, 2006 as a successor of the cargo container transportation center TransContainer, a branch of Russian Railways. The company started its business activity on July 1, 2006.

TransContainer operates 46 own terminals in all the cargo generating centers of Russia. Also, the company operates the Dobra Container Terminal near the Slovak-Ukrainian border and owns 67% in JSC KedenTransService, a private operator of railway terminals in the Republic of Kazakhstan. Besides, TransContainer owns a fleet of special-purpose rolling stock: over 25 thousand well cars, ca. 60 thousand high-cube ISO containers.

JSC Russian Railways owns 50% + 2 shares in JSC TransContainer, Fesco Group holds 23.7% (including 12.37% represented by GDRs), the European Bank for Reconstruction and Development owns 9.25%. The stake of CJSC Transfingroup, Trust Management of Pension Reserves of NPF Blagosostoyanie is 5.10%.

TransContainer's shares are traded on the MICEX-RTS Stock Exchange. The company's Depositary Receipts are traded on the London Stock Exchange.

IFRS net profit of JSC TransContainer for 9 months 2013 grew by 8.94% to RUB 4.666 billion from RUB 4.283 billion the year before. Revenue increased by 5.34% to RUB 28.793 billion from RUB 27.334 billion, profit from operations by 2.67% to RUB 6.114 billion from RUB 5.955 billion, pre-tax profit by 5.77% to RUB 5.826 billion from RUB 5.508 billion.

"AK&M", 25.12.2013


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