FESCO Transportation Group to
发布时间：10.11.17 发布人：hichina-baodz
FESCO Transportation Group (RTS/MICEX: FESH/FESHG) announces the acquisition of 12.5% of shares in OJSC “TransContainer” during the IPO, for the total amount of USD 138.9 mln.
This acquisition is aimed at expanding long-term strategic partnership with TransContainer. FESCO believes that such partnership based on mutually complimentary assets and services will contribute to the competitiveness and efficiency of both companies, while at the same time stimulating the development of intermodal container services and expansion of integrated logistical solutions. The resulting modernization of the Russian transportation system will in turn help its further integration into the global network through export of modern integrated transportation solutions demanded by the market today. Sergey Generalov, FESCO President and CEO, adds that “…we have always believed and still believe that container transportation is the most promising segment in the industry. For FESCO acquisition of TransContainer shares is much more than just an investment in a very promising asset with strong growth potential. In addition to obvious operational synergies arising from joining our forces in the marine and rail segments, cooperation with TransContainer will boost innovations in the national transportation system, repositioning Russia on the global container market as a key transportation route connecting Asia and Europe”.
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