Globaltrans

Active

Globaltrans was established during the early stages of the reform of Russian railway market in the early 2000s. It began life as two private companies, Sevtekhnotrans and New Forwarding Company, engaged in the freight rail transportation business. In a few years, it grew to become Russia’s largest privately owned freight rail operator, second only to OAO Russian Railways and its subsidiaries by fleet size. It was the first private freight rail transportation group with operations focusing on Russia to be publicly listed. Sevtekhnotrans was established in 2000 as a Russian limited liability company by entities controlled by the current beneficial owners of Transportation Investments Holding Limited (TIHL) and their associates. Until 2004, Sevtekhnotrans was mainly engaged in freight forwarding and rolling stock leasing services. In 2003, it received a freight rail carrier licence and began its principal business of providing freight rail transportation services. In May 2004, the Company was established in Cyprus by EIL and a company controlled by the beneficial owners of TIHL. In July 2004, the original founding entities of New Forwarding Company transferred their respective shares in New Forwarding Company to the Company. In June 2007, the shares of Sevtekhnotrans were also transferred to the Company. In March 2008 following a special resolution approved by the shareholders, the Company was converted into a public limited liability company. In May 2008, the GDRs were listed on the Main Market of the London Stock Exchange with a free-float of approximately 30%. The listing and initial public offering (the IPO) consisted of both primary and secondary components and comprised an offering of GDRs by Globaltrans and TIHL and EIL to international institutional investors outside of the United States and the Russian Federation, and to qualified institutional buyers in the United States. The IPO generated approximately USD 224.7 million in gross proceeds for Globaltrans. Globaltrans’ ownership structure as of the end of 2009 was as follows: (a) 50.1% is owned by Transportation Investments Holding Limited (“TIHL’), which carried out its business under the brand NTrans; (b) 14.7% is owned by Envesta Investments Limited (“EIL”); and 35.2% is in free float. In 2010, the company implemented a new expansion program. The total cost of this expansion was estimated at $248 million. IFC provided a $30 million A loan for IFC’s own account. 2013: Description seems copy/pasted from website

High