TransContainer might cease to be a shareholder in FELB

The board of directors at railway operator OJSC TransContainer will decide on June 19 about the company’s position concerning the selloff of shares in Far East Land Bridge Ltd (FELB), the railway container operator providing services between CIS member states, European countries and North-Easterm Chinese provinces.

In addition, the board will vote on signing an agreement to transfer debt between TransContainer, RZD-Logistics and FELB.
TransContainer is managing 10^ of FELB after granting the latter a credit in Euros. This April, the company announced that FELB’s debt would be taken over by RZD Logistics.

Source: www.interfax.com

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