JSC TransContainer has obtained control over a 67% stake in JSC KedenTransService: 20.1% directly and 46.9% indirectly through a subsidiary, Eyefortransport reports.
KedenTransService operates seventeen cargo handling terminal facilities across Kazakhstan, and also owns a fleet of around thirty freight locomotives.
KedenTransService provides customers with a wide range of freight forwarding, logistics and customs clearance services, as well as cargo transhipment at the Dostyk cross-border terminal to and from China.
Following this acquisition, Kazakhstan Temir Zholy, the Kazakh state-owned railway company, will hold a 33% stake in KedenTransService, with an option to buy back a stake of up to 17% in KedenTransService from TransContainer.
TransContainer and Kazakhstan Temir Zholy have also agreed general principles of co-operation in the Republic of Kazakhstan, with the objectives of increasing transit rail container traffic between Asia and Europe by providing integrated logistic services both in Russia and Kazakhstan, as well as establishing a unified container handling infrastructure and optimising the terminal handling business for transit container transportation.
KedenTransService operates seventeen cargo handling terminal facilities across Kazakhstan, and also owns a fleet of around thirty freight locomotives.
KedenTransService provides customers with a wide range of freight forwarding, logistics and customs clearance services, as well as cargo transhipment at the Dostyk cross-border terminal to and from China.
Following this acquisition, Kazakhstan Temir Zholy, the Kazakh state-owned railway company, will hold a 33% stake in KedenTransService, with an option to buy back a stake of up to 17% in KedenTransService from TransContainer.
TransContainer and Kazakhstan Temir Zholy have also agreed general principles of co-operation in the Republic of Kazakhstan, with the objectives of increasing transit rail container traffic between Asia and Europe by providing integrated logistic services both in Russia and Kazakhstan, as well as establishing a unified container handling infrastructure and optimising the terminal handling business for transit container transportation.