FESCO Group purchases Transgarant
The FESCO transport group has completed the purchase of Transgarant company, RZD-Partner reports. Now it owns 100% shareholding of one of the largest railway operators in Russia.
To remind: the first 50% shareholding of Transgarant was purchased by FESCO in October 2006, and after the deal was completed today, the group has become the only owner of Transgarant. Nowadays, the former owners of Transgarant have about 12% of FESCO transport group shareholding.
“The purchase of Transgarant became another large step to realization of the FESCO’s strategy to launch the largest transport holding company in Russia that unites sea and railway transportation, terminals and logistic centres”, said the CEO of FESCO Evgeny Ambrosov. “We are sure that the integration of business and shipping assets and railway operations and handling services in the framework of a single group meets the requirements of our clients. We believe, there will be a large demand for such services, since we guarantee the services of the highest quality at the most competitive and reasonable cost.”
OOO Transgarant provides services of industrial freight transportation by railway. The company manages over 13.4 thousand units of rolling-stock, 71% of which are owned by the company. The throughput of railway transportation of Transgarant is 24.8 bln t/km. The annual volume of loading is over 16 mln tons. In 2005 the company’s revenue was RUR 3.7 bln.
To remind: the first 50% shareholding of Transgarant was purchased by FESCO in October 2006, and after the deal was completed today, the group has become the only owner of Transgarant. Nowadays, the former owners of Transgarant have about 12% of FESCO transport group shareholding.
“The purchase of Transgarant became another large step to realization of the FESCO’s strategy to launch the largest transport holding company in Russia that unites sea and railway transportation, terminals and logistic centres”, said the CEO of FESCO Evgeny Ambrosov. “We are sure that the integration of business and shipping assets and railway operations and handling services in the framework of a single group meets the requirements of our clients. We believe, there will be a large demand for such services, since we guarantee the services of the highest quality at the most competitive and reasonable cost.”
OOO Transgarant provides services of industrial freight transportation by railway. The company manages over 13.4 thousand units of rolling-stock, 71% of which are owned by the company. The throughput of railway transportation of Transgarant is 24.8 bln t/km. The annual volume of loading is over 16 mln tons. In 2005 the company’s revenue was RUR 3.7 bln.