Share Price
[Delayed by 20 minutes]
 

Global Reach

Explore our geographical footprint
View map >

Global Reach
19 Feb 2015

TransContainer approves disposal of interest in JSC Kedentransservice

Public Joint Stock Company TransContainer ("TransContainer" or the "Company") (LSE: TRCN) announces that on 18 February 2015, its Board of Directors approved in principle the disposal of the Company's entire 50% equity stake in Logistic System Management B.V. to JSC National Company Kazakhstan Temir Zholy ("KTZ"). Logistic System Management B.V. controls 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 this transaction, KTZ's ownership in Logistic System Management B.V. will increase to 100% from 50% subject to receiving all necessary corporate and government approvals.

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

Instinctif Partners

Tony Friend / Galyna Kulachek/ Jenny Payne +44 (0) 20 7457 2020

To top

2016 Annual Report

PDF-version of our latest Annual Report

Download >