логотип компании
home Sitemapsitemap
Русский Feb 23, 2020 02:49
(GMT+3)
Latest news
Feb 10, 2020
Allegro passenger numbers increased by 14.5% in January 2020
Feb 07, 2020
Allegro and Lastochka timetables undergo partial changes from 17 to 28 May 2020
Feb 06, 2020
Loading volumes of coal delivered to South Russian ports increased 1.5 times in January 2020
Feb 04, 2020
Allegro timetable to undergo partial changes from 11 to 14 May 2020
Feb 03, 2020
Rail links with North Korea suspended until further notice
Feb 03, 2020
Loading volumes on the rail network owned by Russian Railways exceeded 100 million tons in January 2020
News archive
Home
Press Centre
Russian Railways in the News
Russian Media

Russian Media

Nov 28, 2019

Russia’s Largest Privatization Since 2016 to Net Almost $1Bln

State-owned Russian Railways sells subsidiary to former Russian lawmaker and ex-head of parliamentary transport committee.

Russia’s largest privatization in three years was agreed Wednesday in a $940 million deal to sell a subsidiary of state-owned Russian Railways.

A majority stake in Transcontainer, Russia’s largest container transport firm, will be sold to transport conglomerate Delo Group for 60 billion rubles ($940 million), following a closed auction for the shares on the Moscow Exchange.

Russian Railways, which will sell its stake, is Russia’s national rail operator and is wholly-owned by the Russian government. The deal will be Russia’s largest privatization since 2016.

Delo’s president is former lawmaker and ex-head of the Russian parliament’s transport committee Sergei Shishkarev. He founded Delo in the early 1990s before stepping back to enter politics in 1999, and led the transport committee of Russia’s Duma — the lower chamber of parliament — between 2009 and 2014, when he immediately returned to Delo upon stepping down.

Shishkarev outbid the pre-deal favorite, Roman Ambramovich’s Yenisei Capital, in a 40-minute auction which saw 120 bids go in for the Transcontainer shares, organizers VTB Capital said.

The deal will give Delo a stake worth 50% plus two shares of Transcontainer, and is set to be completed before the end of the year. Shares in Transcontainer have jumped by one-quarter since the privatization plans were announced in August. Delo paid a premium of just 4% for the holding, based on Transcontainer’s current share price.

Shishkarev’s Delo will now make a further offer to buy out Yenisei’s pre-existing stake of 24.7% in Transcontainer, but has offered to allow state-backed VTB, which owns 24.8%, to remain a major shareholder in the company.

The Moscow Times

Also to watch:

Freight

SeaNews.

Feb 03, 2020

PortNews.

Feb 03, 2020
back to List print version
screenRenderTime=1

© 2003-2020, Russian Railways
Mass Media Registration Certificate El. No. ФС77-25927
When using any material from the site reference to rzd.ru is obligatory

The Company | Passengers | Freight | Press Centre | Investor Relations | Contacts | Search