Home / EMEA / TransContainer to acquire ZSSK Cargo shares

TransContainer to acquire ZSSK Cargo shares

On April 17, the Board of Directors of JSC TransContainer will discuss the company’s participation in a tender for the right to acquire a block of shares in ZSSK Cargo Intermodal a.s, TransContainer informed.

The Board of Directors will also hear the CEO’s report on the company’s operating results in 2013, credit policy performance report, discuss the convening of an annual general meeting, consider interested-party transactions and other matters.

TransContainer operates 46 own terminals in all the cargo generating centers of Russia. Also, the company operates the Dobra Container Terminal near the Slovak-Ukrainian border and owns 67% in JSC KedenTransService, a private operator of railway terminals in the Republic of Kazakhstan. Besides, TransContainer owns a fleet of special-purpose rolling stock: over 25,000 well cars, ca. 60,000 high-cube ISO containers.

JSC Russian Railways owns 50% + 2 shares in JSC TransContainer, Fesco Group holds 23.7% (including 12.37% represented by GDRs), the European Bank for Reconstruction and Development owns 9.25%. The stake of CJSC Transfingroup, Trust Management of Pension Reserves of NPF Blagosostoyanie is 5.10%.

According to the DataCapital information retrieval system, RAS net profit of TransContainer for 2013 decreased by 6% to RUB 4.528 billion from RUB 4.817 billion the year before. Revenue decreased by 0.04% to RUB 33.173 billion from RUB 33.187 billion, sales profit by 22.62% to RUB 5.533 billion from RUB 7.15 billion, pre-tax profit by 9.82% to RUB 5.746 billion from RUB 6.372 billion.
Source* akm.ru

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Your email address will not be published.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 *