The Russian government has offered to sell 50% plus two shares that RZD owns in container railway operator TransContainer through an open auction with VTB Capital acting as a financial consultant, according to First Deputy Prime Minister Igor Shuvalov, quoted by Prime news agency. The government wants to sell TransContainer to a qualified investor – a syndicate or a consortium with a possible minority participation of a financial investor – which has relevant competences and is interested in development of container and multimodal transportation between Europe and Asia.
VTB Capital plans to start working with potential investors on 15 January 2018 to finalize the deal in April. RZD would like to use the money received from the sale to create a new logistics operator that would compete with TransContainer. The Federal Antimonopoly Service Deputy Head Alexander Neradko said that the government should allow RZD to create its own operator based on the remaining assets if TransContainer is sold at auction.
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