The head of FAS: share of Railways in “the TransContainer” premature

KAZAN, September 15. /TASS/. The FAS considers the sale of a stake of Russian Railways in “the TransContainer” is premature. The journalists said the head of FAS Igor Artemyev.

“I don’t think now is the time to sell a stake in TransContainer to anyone. This sulky structures that would love to gave them “the TransContainer”. We as a government Agency believe this is premature,” he said.

Earlier, Artemyev said that in the case of a decision on withdrawal of Russian Railways from the capital of the operator it should be divided into several companies.

First Deputy Prime Minister Igor Shuvalov instructed the Ministry of Railways and the Ministry of transport to prepare a comprehensive report with expertise of the economic development Ministry for decision on the fate of 50% of the shares of Russian Railways in “the TransContainer”.

Interest in the purchase of a package of Russian Railways showing a few companies, including First freight company. Interest in buying shares in TransContainer Russian Railways (now the package is located at United transport and logistics company) and structures NPF “well-being” also showed the group “Sum” Ziyavudin Magomedov.

Railways in the case of a decision on the sale of shares of “TransContainer” consider it expedient to sell the whole package (50%) at auction. The transport Ministry is also in favour of the sale of 50% stake in Russian Railways in “the TransContainer” at public auction subject to the qualification requirements.

The President of Russian Railways Oleg Belozerov said earlier that while the sale of shares of Russian Railways in “the TransContainer” is inappropriate. However, in the case of sale of a share in “the TransContainer” the Railways want to get right to the establishment of a similar company.

About company “TransContainer”

“TransContainer” is the leading Russian operator of container intermodal transport. 50% plus two shares of the operator owned United transport and logistics company (JTLC, “daughter” RZD). FESCO group (the parent company – PJSC “far East sea shipping company” FESCO), controlled by “Amount”, owns 25%. CJSC “MC “Transfingroup” (operates pension reserves NPF “Blagosostoyanie”, affiliated with Russian Railways) owns 24.5%.

TransContainer has 45 of its own terminals in all cargo-handling centres in Russia, 19 rail-side terminals in Kazakhstan (through its joint-venture company, JSC “Kedentransservice”, a leading private operator of rail terminals network in Kazakhstan) and manages the container terminal of “Good” on the border of Slovakia and Ukraine. In the company owns over 24 thousand flatcars, and about 64.5 thousand large-capacity containers.