Who is fighting for the Transcontainer?
The first freight company (Freight One), controlled by Vladimir Lisin’s Fletcher Group, decided to participate in the privatization of a controlling interest (50% plus two shares) of the largest railway container operator Transcontainer owned by Russian Railways. Lisin ranks second in the ranking of the richest businessmen in Russia according to Forbes magazine; his fortune is estimated at $ 21.3 billion.
The Federal Antimonopoly Service (FAS) has approved the Freight One’s request to participate in this auction, an agency representative told RBC. But the service issued an order to provide non-discriminatory access to the carrier's terminals, platforms and containers. The press service of Freight One declined to comment.
In August, the application of Yenisei Capital Roman Abramovich and Alexander Abramov, which owns 24.5% of the operator, was approved, the FAS representative said. According to Forbes, Abramovich’s fortune is $ 12.4 billion (tenth in the ranking), Abramov’s is $ 6.2 billion (20th place).
Another contender for Transcontainer is the Delo group, Sergei Shishkarev, and her petition has also received FAS approval. Shishkarev is not among the Forbes 200 richest businessmen.
“When applications are received from other applicants, the FAS will quickly consider them in order to ensure real competition for Transcontainer shares at an auction held by Russian Railways,” the service said. The privatization of a controlling stake in Transcontainer, for which there are already three official bidders, should take place on November 27.
The starting price of a controlling stake, according to an estimate that was ordered by PwC by Russian Railways, is 36.159 billion rubles. Applications will be accepted until November 15. On October 11, the share of Russian Railways in the Transcontainer on the Moscow Exchange was worth 58.6 billion rubles.