RZD subsidiary closes purchase of 50% plus one share in RZD Travel
MOSCOW. Nov 24 (Interfax) - Federal Passenger Company, the intercity passenger subsidiary of Russian Railways (RZD) , has closed the purchase of 50% plus one share in another subsidiary, RZD Travel.
RZD Travel said the "remaining shares would belong to a private investor," who was not disclosed.
The RZD board approved the deal on June 23 and the Federal Antimonopoly Service allowed it to go ahead on October 31, however RZD's press office said back in the summer that the rail monopoly had closed the deal top buy 51% of the company.
CapitalInvest LLC had been the owner of a 51% stake in RZD Travel as of August 30, 2010, according to the SPARK database. CapitalInvest also owned a 19% stake in TransCreditBank (TCB) via CJSC Expert that RZD agreed to sell to VTB , which had purchased 41.74% of TCB shares not owned outright by RZD as of the end of 2010.
CapitalInvest General Director Olga Shapovalova had previously been the company's majority owner. The other owners were affiliated in one way or another with TCB: Moscow-based TFK LLC, Delovoi Standart LLC and Dekort-Estate (a 100% subsidiary of TCB).
The remaining 49% in RZD Travel is owned by Internal Inter via a host of structures belonging to UK-based Janvy Investments. That company is controls by OJSC RZD-Transfer, formed in order to carry out a project to provide rail passengers with transportation to bus stations free of charge. Janvy, in which Anglo Irish Bank is a co-owner, currently has just a 33% stake in Internal Inter. Another 33% is held by CJSC Intra, a company in the Sheremetyevo International Airport group.
RZD Travel and Internal Inter own RZD Tur LLC, formed in 2005 as "a specialized RZD company in the tourism segment," according to RZD. The company provides services to corporate and individual clients in organizing trips in Russia and abroad.
For example, earlier on Monday RZD Tur jointly with Intourist saw off the first tourist train on the Moscow-Beijing route.
