Russian Railways (RZD) is about to sell up to 35% of the shares in TransContainer in the upcoming IPO, Finam reports quoting a RZD’s President Vladimir Yakunin interview with journalists. Previously, the Russian Railways had posted 15% of TransContainer stocks. Now that number is projected to reach 50% minus one share, Mr. Yakunin said.

TransContainer JSC a subsidiary of the state-run Russian Railways, was founded on March 4th, 2006 on the basis of a RZD’s branch, the Center for Cargo Containers. TransContainer is a leading rail container operator in Russia. Currently, it is the largest rolling stock owner in Russia, CIS and Baltic countries. The TC company maintains and operates 24.000 fitting platforms, some 60.000 large size containers, over 840 units of motor vehicles - trucks, trailers and automobiles.