NefteTransService bought Transgarant

FESCO completed the final stage of the tender related to the sale of non-container rail business of “Transgarant”.
The winner of the tender is ZAO “NefteTransService”. The company purchased the operator without its container transport branch.

According to FESCO, the transaction could be finalized by the end of the second half of 2012.
The parties agreed not to reveal any information on the cost of the transaction until the development of all Transgarant acquisition processes.

In March, 10 potential buyers for its railway subsidiary were already announced, but in April, the Federal Antimonoply Service has given the green light to three companies: Spetsvagontrans, Rustranskom and Neftetransservis.
According to information in the local press, FESCO would want to get USD 700 Million for Transgarant.

Source: www.fesco.ru http://neftetransservis.ru

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