KTZ and “TransContainer” have equalized their shares in “Kedentransservice” JSC
Kazakhstan Temir Zholy and Transcontainer have completed a deal for the equal distribution of shares in the leading private operator of the railway terminal network in Kazakhstan, JSC «Kedentransservice», according to the Russian operator.
In the spring of 2011, Transcontainer acquired 67% of the shares of Kedentransservice, and another 33% belonged to Kazakhstan Railways. In accordance with the agreement between the parties, KTZ had the right to buy back up to 17% of the shares of Kedentransservice. Later, all 100% of the shares of «Kedentransservice» were consolidated into Logistic System Management B. v., in which Transcontainer owned 67% in proportion to its shares, and KTZ — 33%.
«…as of December 23, 2013, KTZ acquired a 17% stake in Logistics System Management B. V. from Transcontainer. As a result of the transaction, the share of the company (Transcontainer — ed.) in»Kedentransservice» decreased from 67% to 50%, and the share of KTZ increased from 33% to 50%, «Transcontainer said in a statement on Monday.
Transcontainer operates more than 25.5 thousand fitting platforms, more than 60 thousand large-capacity containers, has 46 own terminals in all cargo-forming centers of the Russian Federation, and operates the Dobra container terminal on the border of Slovakia and Ukraine.