Acquisition of 100% of MMK-Trans completed
Globaltrans Investment PLC (“Globaltrans” or the “Company”, and together with its consolidated subsidiaries, the “Group”; LSE ticker: GLTR) today announces that it has completed the acquisition of 100% of OOO MMK-Trans (“MMK-Trans”) for a cash consideration of USD 250 million and assuming net debt and working capital of approximately USD 84.5 million. MMK-Trans was formerly the captive freight rail operator of MMK Group, one of the largest single-site steelmakers in Russia. The transaction was announced on 19 December 2012.
MMK-Trans principally handles cargoes of the MMK Group, primarily metallurgical cargoes and coal. As part of the transaction, Globaltrans entered into a five-year contract guaranteed by MMK Group to supply it with rail transportation services for at least 70% of MMK’s rail cargo flows. The contract will become effective from 1 March 2013.
Following the transaction Globaltrans’ combined owned fleet amounts to 61,965 units with a combined total fleet of 65,399 units.
Globaltrans Investor Relations
Mikhail Perestyuk / Daria Plotnikova
+357 25 328 860
For international media
Holloway & Associates
Laura Gilbert/Zoë Watt
+44 20 7240 2486
NOTES TO EDITORS
Globaltrans is a leading private freight rail transportation group with operations in Russia, the CIS and the Baltic countries. The Group’s main business is the provision of freight rail transportation services. Globaltrans provides services to more than 500 customers and its key customers include a number of large Russian industrial groups in the metals and mining and the oil products and oil sectors.
Globaltrans' global depositary receipts (ticker symbol: GLTR) have been listed on the Main Market of the London Stock Exchange since May 2008. Globaltrans was the first freight rail transportation group with operations in Russia to have an international listing.
To learn more about Globaltrans, please visit www.globaltrans.com
Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of Globaltrans. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might', the negative of such terms or other similar expressions. Globaltrans wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Globaltrans does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Globaltrans, including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries Globaltrans operates in, as well as many other risks specifically related to Globaltrans and its operations.
 As of 31 December 2012, including owned fleet of MMK-Trans. Owned fleet is defined as the rolling stock fleet owned and leased in under finance lease as of the end of the period (it includes railcars and locomotives unless otherwise stated).
 As of 31 December 2012, including owned fleet of MMK-Trans. Total fleet is defined as the Owned Fleet and leased-in under operating leases, including both railcars and locomotives, but excluding the Engaged Fleet (rolling stock subcontracted or otherwise attracted from a third party operator for a loaded trip from the point of origination to the cargo’s destination, at which point the railcar is then released to such third party).