Home / APAC / Russian SG-TRANS and Financial Alliance complete merger

Russian SG-TRANS and Financial Alliance complete merger

sgRussian SG-TRANS transport company has completed its merger with the railcar operator Financial Alliance, setting up a universal railway operator managing a fleet of more than 32,000 wagons, the company reports.

The rolling stock fleet places the company in top 10 largest operators in CIS markets. Over the medium term the operator is to expand its list of destinations by entering the CIS and Baltic countries. Among its main customers are   Rosneft , LUKOIL, Gazprom.

SG-TRANS is the Russian carrier of LPGs making more than 30% of all gas transportation. Its fleet comprises more than 16,000 LPG tanks (52%), more than 13,000 oil cars and over 3,000 other railcars. The company, operating in Russia and the CIS, carries freights to Europe and near-abroad countries. The holding JSFC Sistema acquired SG-TRANS in 2012 for 22.7 billion rubles (about $687 million) and then announced reorganization of assets by means of a merger with Financial Alliance. Equal shares of SG-TRANS are held by JSFC Sistema and Unirail Holdings Ltd.

Check Also

Nokia's communications network to support railway operations on Malaysia's first mass rapid transit line

Nokia’s communications network to support railway operations on Malaysia’s first mass rapid transit line

Nokia has supplied a mission-critical communications network to LG CNS – a Korea-based systems integrator …

Leave a Reply

Your email address will not be published. Required fields are marked *