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2008 December 1   09:23

TransContainer approves the credit contracts

TransContainer (RZHD sub) approved the crediting contracts, the company informed according to AK&M.
Besides, the credit policies and anticrisis measures were affirmed along with the banking guarantees and charity funds in the volume of 677.693ths rub.
TransContainer was set up on the basis of the RZHD center on the cargo transportation in containers. It was launched in operation in July 2006. It  has 23ths platforms for containers, 177ths containers, 47 terminals.
The share capital is worth 13.9bn rub. split in 13894778 common stocks of 1ths rub. par. The major holders involve RZHD - 84.9999%, EBRD - .245%. Now 15% are sold to investors. After the restructuring RZHD will have the working interest equal to 50%+1 stock. Now 15% are under sale to investors to leave the working interest (50% +1) at RZHD after the restructuring.
The net profit in 2007 (RAS) reached 1.53bn rub.; revenues - 13.431bn rub.; pretax profit - 2.586bn rub.
The 9-month net profit (RAS) rose 2.35 fold to 2.366bn rub. from 1.009bn rub. last year.

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