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12/08/2014
16:01
M&A: FAS Russia permits Transoil to purchase 100% of Neftetransport shares

Russia's Federal Antimonopoly Service granted the application of Transoil LLC for the acquisition of a 100% voting stake in the authorized capital of CJSC Neftetransport, the regulatory body informed.

CJSC Neftetransport (St. Petersburg) is one of Russia's Top 10 leading transport companies with extensive experience in the transportation petroleum products and mineral fertilizers by rail.

Transoil LLC (tax number: 7816228080) is the biggest privately held Russian rail operator in the segment of transportation of oil and petroleum products (in terms of volume and market share).

Transoil's own fleet as of September 30, 2013 totaled 24.6 thousand rail tank cars, the total fleet under management as of December 31, 2013 reached 37.7 thousand tank cars, their average time in operation being 13.2 years.

In 2013, Transoil's rolling stock accounted for ca. 56 million tonnes of oil and petroleum products transported (-3.1% year-on-year).




"AK&M", 12.08.2014

 

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