Fesco buys into TransContainer for $139 mllion

By: | at 07:00 PM | Intermodal  

Russian shipping company FESCO said it paid $138.5 million for 12.5 percent of Russian Railways unit TransContainer during the rail group’s initial public offering.

State monopoly Russian Railways is floating around 35 percent of TransContainer in London and Moscow as part of a fund raising plan to invest into new infrastructure.

TransContainer priced its IPO near the bottom of the range to raise $400 million. (Reuters)