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Issue #584 | Breakbulk Quarterly

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Breakbulk Quarterly

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2014 Media Kit
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Russia Globaltrans eyes 2nd freight company stake

By: | at 08:00 PM | Channel(s): Intermodal  

Globaltrans is interested in buying a stake in the soon-to-be-formed Russian Second Freight Company and may invest 25 billion roubles ($808.8 million), a source familiar with the firm’s plans told Reuters.

Globaltrans Investment, Russia’s largest private rail freight operator, does not exclude doing a secondary share placement or bond issuance in order to finance the acquisition, the source said on Thursday.

A source at Russian Railways confirmed that Globaltrans has applied to participate in the Second Freight Company. (Reuters)