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Global Reach
21 Mar 2011

Acquisition

TransContainer to acquire a 67% stake in the JSC KedenTransService

RNS Number : 2899D
OJSC Transcontainer
21 March 2011
 

21 March 2011
JSC TransContainer
TransContainer to acquire a 67% stake in the JSC KedenTransService
JSC TransContainer (TRCN) ("TransContainer" or the "Company") has obtained control over a 67% stake in JSC KedenTransService ("KedenTransSecrive") (20.1% directly and 46.9% indirectly through a  subsidiary). KedenTransService is a leading private A legal entity or individual entrepreneur owning wagons and containers, or possessing them on any other basis, that participates, pursuant to a contract with a carrier, in the carriage process using the aforementioned cars and containers.
operator
of cargo handling terminal facilities in Kazakhstan. KedenTransService  operates 17 terminal facilities across Kazakhstanand also owns a fleet of ca. 30 A form of payment for sea transportation of cargo, or the use of a ship for a certain period of time. Freight payment is determined by the volume of cargo delivered to the destination
or by the volume of cargo loaded onto the ship.
freight
locomotives.  In addition, KedenTransService provides customers with a wide range of freight forwarding, The process of organising a chain of delivery, and managing that chain in the broadest sense. This chain may encompass both deliveries of raw materials needed for production and management of material resources at an enterprise, delivery to warehouses and distribution centres, sorting, handling, and final distribution at the points of consumption. In the context of transportation services, the main service is that of delivering cargo across a delivery route.
logistics
and customs clearance services, as well as cargo transshipment at the Dostyk cross border terminal from and to Chinese.
TransContainer obtained bank financing to fund the acquisition of this stake in KedenTransService. 
Following this acquisition, Kazakhstan Temir Zholy, the Kazakh state-owned railway company, will hold a 33% stake in KedenTransService. Kazakhstan Temir Zholy also has an option to buy back a stake of up to 17% in KedenTransService from TransContainer. TransContainer and Kazakhstan Temir Zholy have also agreed general principles of co-operation in the Republic of Kazakhstan with the objectives of increasing Freight passing from one country to another through a third country. Whether cargo is permitted to transit a certain country and under what terms is subject to trade agreements and treaties between countries. Direct transit is when foreign goods are shipped under tariff protection, without holding at a customs warehouse; indirect transit is when goods arrive at customs warehouses and are then transported abroad.
transit
rail Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container
traffic between Asia and Europe by means of the provision of integrated logistic services both in Russia and Kazakhstan, as well as to establish a unified container handling infrastructure and optimize  the terminal handling business for transit container transportation.
For further information contact:
 
TransContainer
Andrey Zhemchugov
Director, Capital Markets and Investor Relations
Phone: +7 (499) 262 8506, e-mail: ir(at)remove-this.trcont.ru
 
College Hill
Simon Whitehead +44 207 457 2020
 
About TransContainer
TransContainer is the leading intermodal Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container
transportation company in Russia.  It is the market leader in Russia by A specialised type of rolling stock designed to carry ISO containers.
flatcar
fleet size, container transportation by rail and rail-side A place equipped for the trans-shipment and storage of containers. A container terminal
typically includes one or more container yards. Rail-based container terminals are equipped with spur tracks for loading and unloading containers to/from railroad platforms (cars).
container terminal
throughput with a market share in these categories of approximately 60 percent, 52 percent and 34 percent, respectively. It operates  more  than 24,000 flatcars, approximately 60,000 containers and owns  a network of rail-side container terminals located at 46 railway stations in Russia and operates one terminal in Slovakia. Company's sales network comprises approximately 150 sales outlets across Russia as well as presence in the CIS, Europe and Asia. TransContainer is listed at MICEX, RTS and LSE. Company's major shareholder is Russian Railways with 50%+1 share.
About KedenTransService
JSC KedenTransService is a leading private A legal entity or individual entrepreneur owning wagons and containers, or possessing them on any other basis, that participates, pursuant to a contract with a carrier, in the carriage process using the aforementioned cars and containers.
operator
of cargo handling terminal facilities and private locomotive fleet in Kazakhstan. The company has been operating for more than 10 years and has a branch network throughout the country.
 

This information is provided by RNS
The company news service from the London Stock Exchange

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