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23 Dec 2013

Disposal of 17% shares of Kedentransservice

RNS Number : 2281W

OJSC Transcontainer

23 December 2013



JSC TransContainer

Disposal of 17% shares of Kedentransservice

In accordance with the joint venture cooperation agreement of 17 March 2011 between JSC "TransContainer" ("TransContainer" or the "Company") and JSC National Company Kazakhstan Temir Zholy ("KTZ"), on 23 December 2013 KTZ acquired from TransContainer 17% of the shares in Logistic System Management B.V., a company controlling 100% of the share capital of JSC Kedentransservice, a leading Kazakhstan 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
and terminal 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
. As a result of the transaction, the Company's share in Kedentransservice decreased from 67% to 50%, while KTZ's share increased from 33% to 50%.

23 December 2013

 

Enquiries:

TransContainer


Andrey Zhemchugov, Director,
Capital Markets and Investor Relations

+7 495 637 9178

+7 495 609 6062

E-mail

IR@trcont.ru

Website

www.trcont.ru

College Hill


Tony Friend / Galyna Kulachek

+44 (0) 20 7457 2020

 

About TransContainer

TransContainer (LSE ticker: TRCN) 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. As of 30 September 2013 it operated more than 25,600 flatcars and approximately 61,000 containers. It owns a network of 46 rail-side container terminals in Russia, 18 rail-side terminals in Kazakhstan (through its subsidiary KedenTransService) and operates one terminal in Slovakia. Company's sales network comprises approximately 140 sales offices across Russia as well as presence in the CIS, Europe and Asia. TransContainer is listed at Moscow Exchange and LSE. Company's major shareholder is JSC Russian Railways with 50%+2 shares.


This information is provided by RNS

The company news service from the London Stock Exchange

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