TransContainer monitoring transportation assets, not ruling out M&A

MOSCOW. Nov 18 (Interfax) - TransContainer (a Delo Group company) is keeping an eye on transportation assets and is not ruling out M&A deals, TransContainer First Vice President Viktor Markov told reporters.

"We are looking closely at interesting assets that appear in the transportation industry, and we believe that buying an asset that generates EBITDA immediately is the right decision, rather than investing in a project that will generate EBITDA in a few years. That's why M&A is in our immediate scope of attention," he said when asked about M&A plans after the purchase of the Sakhalin Shipping Company.

Markov did not specify what market segment he was talking about.

Delo Group is considering the acquisition of Russian shipping companies and plans to increase its fleet amid a shortage of container ships, CEO Dmitry Pankov said earlier. The group is also considering buying port and harbor terminals and sites, he said.

As previously reported, in August 2022 TransContainer became the owner of 58.51% of Sakhalin Shipping Company . The value of the deal was not disclosed.

TransContainer is the largest operator of fitting platforms in Russia. Its fleet consists of 120,000 containers with a capacity of about 180,000 TEUs, and 41,000 fitting platforms. The company owns 40 railway terminals in Russia, and operates 23 cargo vessels, including 13 vessels of the Sakhalin Shipping Company. The operator belongs to Delo group (51% - Sergey Shishkarev, 49% - Rosatom).