FESCO TRANSPORTATION GROUP INCREASES ITS PARTICIPATION IN TRANSCONTAINER

30 December
FESCO Transportation Group (RTS/MICEX: FESH/FESHG) announces the increase of its shareholding in OJSC “TransContainer” from 12.5% to 18.5%. Additional shares were acquired at the market in GDR form.

Currently, FESCO is the second largest shareholder in Transcontainer, the leading rail container operator in Russia. According to FESCO President Sergey Generalov “acquisition of additional shares in Transcontainer goes in line with FESCO strategy aimed at consolidating 100% in this company, including through expected further privatization of the company under the reform of the Russian rail industry”.

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