FESCO increased its share in Transcontainer JSC to 21,1%
2 February 2012
The transportation holding FESCO of Mr. Sergey Generalov has increased its share in the Russia’s largest intermodal operator from 18,5% to 21,1%.
The main shareholder of Transcontainer JSC is stated owned Russian Railways with 50% plus 1 share. Other major shareholders are EBRD – around 9%, and pension fund “Blagosostoyanie” – 5,2%. FESCO originally purchased 12,5% of Transcontainer at its IPO in November 2010, then increased the share to 18,5% in the end of 2011.
Nowadays a Government decision is pending on the size of share package to be privatized: 25% or 50% - to be sold by Russian Railways. Intention to participate in the auction has been voiced by FESCO, Summa group of Ziyavudin Magomedov, Globaltrans and holding of Russian steel tycoon Mr. Vladimir Lisin.
