First Container Terminal completed the sale of its shareholding in Logistika-Terminal to TransContainer
Global Ports Investments PLC (and together with its subsidiaries and joint ventures, “the Group”), announces that First Container Terminal Inc, one of its Group companies, has completed the sale of its shareholding in JSC «Logistika-Terminal», one of the Group’s two inland terminals, to PJSC TransContainer, following receipt of relevant regulatory approvals.
The transaction was completed for a total consideration of 1.9 billion Russian rubles and the Group intends to use the proceeds of the sale for further deleveraging, which remains a key strategic priority.
LT is an inland container terminal near St. Petersburg which provides a wide range of container freight station and dry port services. LT was launched in 2010 and was primarily intended to provide an off-dock facility for marine terminal customers. LT has since increased its service offering to include stuffing and un-stuffing of containers, longer-term storage, and the ability to temporarily store large volumes of containers. In 2017 LT handled 172 thousand TEU and 324 thousand tons of bulk cargo.
PAO TransContainer was founded in 2006 and today is Russia's largest transport and logistics operator moving intermodal containerized freight across the country. The Company owns and operates 46 terminals in all freight hubs of Russia, 19 rail terminals based in Kazakhstan (through a JV KedenTransService, a leading private operator of a network of rail terminals in the Republic of Kazakhstan), and manages the Dobra Container Terminal located on the border of Slovakia and Ukraine. The company owns more than 24,000 flat cars and about 64,500 High-Cube containers. United Transport & Logistics Company owns 50% + 2 shares of PJSC TransContainer, FESCO Transport Group holds a 24.1% stake, CJSC MC TransFinGroup trust management of pension reserves of NPF Blagosostoyanie – 8.45%. TransContainer shares are listed on Moscow Exchange.
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