Moscow Times 28 April 2012
Freight firm Globaltrans Investment is buying the railcar unit of iron-ore miner Metalloinvest for $540 million, boosting its fleet to about 60,000 units, it said Friday, as it forecast more consolidation for the sector.
As part of the deal, Globaltrans will provide rail-freight transportation and logistics services to Metalloinvest, controlled by Arsenal football club and Facebook shareholder Alisher Usmanov, Russia’s richest man, for three years.
“[The deal] will increase the market share of the company, … and because of this three-year contract we will get access to a new cargo base,” chief executive Sergei Maltsev said in a telephone interview.