Russian Railways is planning to sell 49% in Transcontainer, the operator of Russia's largest fleet of container flat cars, RZD-Partner reports. At the moment, the stake is estimated at $100 mln. Experts say Industrial Investors Group and the transport company Severstaltrans are the likely competitors for the shareholding.
The projected sale is aimed at attracting a strategic partner which will further invest in the rolling stock enlargement, reports RBC.
Transcontainer is a 100-percent subsidiary of Russian Railways spun off in early July 2006. It runs a fleet of 23,000 container platforms and 177,000 containers. According to preliminary 2006 results, the company handled 546,000 TEU (Twenty-foot equivalent units), up 5.6% from 2005.
The projected sale is aimed at attracting a strategic partner which will further invest in the rolling stock enlargement, reports RBC.
Transcontainer is a 100-percent subsidiary of Russian Railways spun off in early July 2006. It runs a fleet of 23,000 container platforms and 177,000 containers. According to preliminary 2006 results, the company handled 546,000 TEU (Twenty-foot equivalent units), up 5.6% from 2005.