Freight One shareholders to reelect board of directors on Feb 10
MOSCOW. Dec 30 (Interfax) - Shareholders in OJSC Freight One Company will reelect the company's board of directors at an extraordinary meeting on February 10, the company said in a press release.
The decision for reelection was made on Friday. The list of shareholders with the right to participate in the meeting was compiled on December 30.
On Monday, Independent Transport Company (ITC), which is owned by Vladimir Lisin's UCL Holding and recently won an auction for 75% minus 2 shares in Russian Railways (RZD) subsidiary Freight One, became the official owner of these shares. ITC won the tender for the sale of a controlling stake in the railway operator on October 28. The closing price for the asset was 125.5 billion rubles - one bid increment up from the starting price of 125.375 billion rubles.
At the end of last week, RZD chief Vladimir Yakunin told journalists that ITC had paid the balance of 120.5 billion rubles for the shares to TransCreditBank on December 22. The company had already paid 5 billion rubles as a deposit. It raised 75 billion rubles from Sberbank and VTB Capital to pay for the transaction.
Freight One is Russia's leading railway transporter. RZD previously owned 100% of the company. Freight One manages over 190,000 railway cars of various types. In 2010, it shipped 302.3 million tonnes of cargo.
UCL Holding manages over 40 transport assets in Russia. Besides the group's railway operators, it also manages ports in Russia's North-West and South, the Volga, North-West and West shipping companies, and a number of shipping, shipbuilding and logistics assets. The group's railway assets are integrated into the company UCL Rail. Besides ITC, it also includes LLC ITC-Railcar and OJSC Car-Repair Depot Gryazi (joint venture with RZD). UCL Rail owns over 28,000 freight cars, 27,000 of which are gondola railcars.