FESCO boosts stake in TransContainer
FESCO Transportation Group has increased its share in OJSC TransContainer from 12.5% to 18.5%, the Group press release said. Additional shares were purchased on the market in the form of Global Depositary Receipts.
Currently, FESCO is the second largest shareholder in Transcontainer, the leading rail container operator in Russia. According to FESCO President Sergey Generalov “acquisition of additional shares in Transcontainer goes in line with FESCO strategy aimed at consolidating 100% in this company, including through expected further privatization of the company under the reform of the Russian rail industry”.
FESCO Transport Group is a leading Russian integrated transport and logistics company. The Group owns a fleet of more than 800,000DWT to carry 18,000 TEUs. The Group manages a diversified fleet of its own railway rolling stock of over 17,000 units. Its own container fleet is about 50,000 TEUs. The total container and general cargo throughput of the Group’s port facilities reaches 290,000 TEUs and 7,5 million tons, respectively.
FESCO Group comprises FESCO Shipping, Transgarant (a major Russian railway operator), Russian Troika (an operator of rail container transport, a JV of FESCO and RZD), FESCO ESF Ltd (feeder container carrier in the Baltic Sea), Dalreftrans (operator of reefer container transport), Commercial Seaport of Vladivostok, Vladivostok Container Terminal, and FESCO Integrated Transport.
