Russia's Federal Antimonopoly Service considered the application of OJSC TransFin-M for the purchase of a 50% equity stake in Far Eastern Freight Company LLC.
The antimonopoly service decided to approve the said application.
Far Eastern Freight Company LLC (Moscow, tax number: 7708727501) provides rail freight transport services.
OJSC TransFin-M (tax number: 7708551181) was established February 4, 2005 by private pension fund Blagosostoyanie. The company has developed and is applying a unified equipment leasing technique. The company's activity profile is leasing railway vehicles, commercial real estate, equipment, automobiles and special-purpose machinery.
IFRS net profit of TransFin-M LLC for 2013 rose 3.5 times year-on-year to RUB 1.935 billion. Net interest margin grew by 72% year-on-year to RUB 1.62 billion. Non-interest income including the income from operating lease services totaled RUB 2.776 billion. In 2013, the company doubled its assets to RUB 74.491 billion.