TransContainer

TransContainer (MCX: TRCN) is an intermodal freight transport company based in Russia. It was founded as a subsidiary of RZD.[2]

TransContainer
TypePublic Joint Stock Company
MCX: TRCN
IndustryShipping
Founded2006
Headquarters
Moscow
,
Russia
Revenue₽51.483 billion[1] (2016)
₽4.079 billion[1] (2016)
₽3.244 billion[1] (2016)
Websitetrcont.com

It is Russia's main intermodal container transport and integrated logistics company; it transports over a million TEUs per year.[3] The company owns about 60% of the total flatcar fleet in Russia, holds 52% of the rail container transportation market and 32% of the container terminal handling market in Russia. Transcontainer also owns about 60,000 ISO containers, owns a network of rail-side container terminals, which are located at 46 railway stations in Russia, and operates Dobra container terminal on the border of Slovakia and Ukraine. It also controls 50% of Kedentransservice, which offers terminal handling at 19 railway stations in Kazakhstan.

History

In October 2003, TransContainer has started its activity, when the branch of “Russian Railways” PLC – the Center for the container transportation TransContainer was established. In March 2006, the branch transformed into an open joint stock company - a subsidiary of “Russian Railways” PLC. On 1st of July 2006, the company has started its business operations. In December 2007, the company entered the share capital market, and in March 2008 - into the debt capital market.

In 2010, TransContainer began an IPO, which valued the company at $1.32 billion;[4] Fesco bought a 12.5% stake.[5]

In March 2011, the company bought 67% of shares of the Kazakh railway terminal operator “Kedentransservice”. The deal amounted to $ 68 million.

In November 2014, “50% + 2 shares” owned by “Russian Railways” PLC were transferred to the authorized capital of “OTLK” LTD.

In 2014, PJSC TransContainer transported 1,467,000 TEU by its railcar fleet and handled 1,331,000 TEU via its terminals in Russia. For the same period, the company had revenue under IFRS of RUB 36,565 million (-6.6 % YoY) and Net Income decrease by 20,8% to RUB 3,658 million.

In February 2015, Moody’s Agency confirmed PJSC “TransContainer” credit rating of Ba3 with a stable forecast.

In October 2017, TransContainer PJSC opens the subsidiary company - TransContainer Freight Forwarding (Shanghai) Co., Ltd - in the People's Republic of China in the Pilot Free Trade Zone of Shanghai.

In September 2018, PJSC TransContainer registered the subsidiary of CJSC TransContainer Mongolia in the Ulaanbaatar city and completed the acquisition of 100% of shares of CJSC Logistics Terminal.

On November 27, 2019, Sergey Shishkarev's Delo Group purchased from United Transportation and Logistics Company the United Transportation and Logistics Company stake in TransContainer, which is 50% plus two shares, bypassing Roman Abramovich and Vladimir Lisin bids.[6][7]

On December 5, 2019, Rosatom's chief, Alexey Likhachev became a co-owner of TransContainer with 30% of the LLC Delo Management Company (UK Delo) which owns Delo Group in order to expedite Russia's development of its Northern Sea Route.[7]

In March 2020, Delo Group consolidated 99.6% of the shares of TransContainer.

In August 2020, Delo Group completed the consolidation of 100% of TransContainer's shares.

Ownership

As of October 2018, the major shareholders:[8]

As of December 2019, the major shareholders:[6][7]

  • Delo Group of Sergey Shishkarev using financing from Sberbank – 50% plus two shares
    • Rosatom with Alexey Likhachev as director – 30% of LLC Delo Management Company (UK Delo) which owns Delo Group
  • VTB – 24.84%
  • Yenisei Capital of Roman Abramovich and Alexander Abramov – 24.74%
  • other minority shareholders – 0.42%

References
  1. "Consolidated Financial Statements for the Year ended 31 December 2016" (PDF). TransContainer. Retrieved 27 August 2017.
  2. "Railway Gazette: News in Brief". Retrieved 2010-11-15.
  3. "About the Company – JSC TransContainer". Retrieved 2010-11-15.
  4. "TransContainer sets IPO price at $80 per share". RIA Novosti. Retrieved 2010-11-15.
  5. "FESCO buys 12.5% of Russia's Transcontainer". 2010-11-15. Retrieved 2010-11-15.
  6. "Абрамович и Лисин проиграли аукцион по продаже «Трансконтейнера» ГК «Дело» Сергея Шишкарева «прошла» 150 шагов и повысила цену к стартовой почти вдвое: Аукцион по приватизации железнодорожного оператора «Трансконтейнер» выиграла ГК «Дело» Сергея Шишкарева — она обошла структуры Романа Абрамовича и Владимира Лисина. Цена за актив поднялась до ₽60,3 млрд — вдвое выше стартовой цены" [Abramovich and Lisin lost the auction for the sale of Transcontainer of Delo Group Sergey Shishkarev “walked” 150 steps and almost doubled the price to the starting price: The privatization auction of the railway operator Transcontainer was won by Delo Group of Companies Sergei Shishkarev - it outperformed the structures of Roman Abramovich and Vladimir Lisin. The price for the asset rose to ₽60.3 billion - twice the starting price]. RBC (in Russian). November 27, 2019. Archived from the original on November 27, 2019. Retrieved December 9, 2019.
  7. Парфентьева, Ирина (Parfentieva, Irina); Дзядко, Тимофей (Dzyadko, Timofey) (December 3, 2019). "«Росатом» станет совладельцем купившей «Трансконтейнер» группы «Дело» Компании намерены создать новую контейнерную линию в Арктике: «Росатом» станет совладельцем группы «Дело» Сергея Шишкарева, который обошел Романа Абрамовича и Владимира Лисина на аукционе по продаже «Трансконтейнера». Приоритет совместной работы — развитие Северного морского пути" [Rosatom will become a co-owner of the Delo group that bought Transcontainer. Companies intend to create a new container line in the Arctic: Rosatom will become co-owner of the Delo group Sergey Shishkarev, who bypassed Roman Abramovich and Vladimir Lisin at the auction for the sale of Transcontainer. The priority of joint work is the development of the Northern Sea Route]. RBC (in Russian). Archived from the original on December 3, 2019. Retrieved December 9, 2019.
  8. "Аффилированные лица". E-disclosure.ru. Retrieved 5 October 2018.
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