The Analytical Center of the Russian Government considers that privatizing a stake of up to 75% in railway container operator TransContainer would be reasonable, taking into account the current situation and the trend of the market development, Kommersant reports. The center thinks that RZD should first sell the 24.5% stake owned by their pension fund Blagosostoyanie. The centre also said that Summa’s suggestion to create a national container operator on the basis of TransContainer and FESCO is sensible.
United Transport Logistics Company of Russia, Belarus, and Kazakhstan owns 50% plus two shares in TransContainer, but RZD earlier said it plans to get the stake back. Far Eastern Shipping Company (FESCO), part of Summa Group, owns 25.07%, and independent pension fund Blagosostoyanie has 24.5%. According to sources, Summa is ready to buy 25% in TransContainer, but may also partake in the auction for a controlling stake.
At the end of June, the Economic Development Ministry has submitted the results of the analysis of a possible sale of 50% plus 2 shares in TransContainer to the administration of First Deputy Prime Minister Igor Shuvalov.
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